Modelling growth and decay using recursion
General Maths Units 3 and 4 (2023+)
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This is another video in the series relating to modelling growth and decay using recursion. Taking a look at how we can change from a recurrence relation to a rule for linear growth and decay, I show how this can save time and be applied to a range of finance applications. I once again look at interest and depreciation in terms of simple interest, flat rate depreciation and unit cost depreciation. There are lots of worked examples all sourced from the Cambridge VCE textbook series (with permission). Theory is explained in an easy to understand way.
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Using an explicit rule for linear growth or decay
from recurrence relationship to rule
linear growth and decay
simple interest
flat rate depreciation
unit cost depreciation
year 12 general maths
vce general maths
unit 3 and 4 general maths
unit 3 and 4 maths