Summary (Grade 12 NSC Matric Mathematics): Flashcards

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Financial protection

Safeguarding money by making informed investment choices

Deposit-taking institution

Entity registered under Banks Act; safe to give money to

Unsecured claim

Status when owed money from someone with few/no assets left

Simple interest formula

A=P(1+in)A = P(1 + in)

Compound interest formula

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

Simple depreciation formula

A=P(1−in)A = P(1 - in)

Compound depreciation formula

A=P(1−i)nA = P(1 - i)^n

Interest rate conversion formula

1+i=(1+i(m)/m)m1 + i = (1 + i_{(m)}/m)^m

Present value of payments formula

P=x1−(1+i)−niP = x\frac{1 - (1 + i)^{-n}}{i}

Most common finance calculation mistake

Mismatched units between interest rate and time period

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