Modelling growth and decay using recursion
General Maths Units 3 and 4 (2023+)
This video is part of the Further Maths Units 3 and 4 course and completes this section of the course. Looking at the difference between nominal and effective interest rates, there are a number of examples give of what a nominal rate is, how to convert a per annum interest rate to monthly/quarterly/weekly etc. I look at what effective interest rates are with a detailed look at how to calculate them by hand and using the CAS. This video does all it can to help you understand this fascinating and very "real world" topic.
LEGAL STUFF (VCAA)
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
There are no current errors with this video ... phew!
Click the link below to download your notes.
If your lesson notes are not downloading this is due to your school blocking access to the notes server. If you try connecting at home, or using a different computer which is not controlled by your school, you will be able to download the notes.
Video tags
vce maths
Nominal and effective interest rates
nominal interest rates
effective interest rates
per annum interest rates
financial maths
vce further
further maths
further units 3 and 4
further 3 and 4
difference between nominal and effective interest
how to calculate effective interest rate