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Title: Finance applications using arithmetic sequences and recurrence relations

Section: Sequences and finance

Course: General Maths Units 1 and 2

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Finance applications using arithmetic sequences and recurrence relations
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About Lesson

This video continues the series relating to sequences and finance and looks at how we can apply the learnings we had for arithmetic sequences and recurrence relationships to the very real world finance problems we might encounter. I look at what simple interest and flat rate depreciation are. I look at unit cost depreciation are and how this all applies to the theory we have been looking at. I also show how to turn a recurrence relation into a rule (which allows me to easily find any term in a sequence). There are lots of worked examples and the theory is explained so it just makes sense.

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VCE Maths exam question content used by permission, ©VCAA. The VCAA is not affiliated with, and does not endorse, this video resource. VCE® is a registered trademark of the VCAA. Past VCE exams and related content can be accessed at www.vcaa.vic.edu.au

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