Timelines (Grade 11 NSC Matric Mathematics): Flashcards

Visual tools to organise financial problems with interest

How often interest is compounded per year

4

12

2

$n = \text{years} \times p$

$i = \frac{\text{annual rate}}{p}$

$A = P(1 + in)$

$A = P(1 + i)^n$

Subtract amount + interest it would have earned