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Using an explicit rule for linear growth or decay
Modelling growth and decay using recursion
General Maths Units 3 and 4 2023+
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  Learning objectives
  Recap of past learning
  Going from a relation to a rule
  A worked example
  Summary notes
  Example 1
  Back to the real world of finance
  Example 2
  Example 3
  Back to flat rate depreciation
  Example 4
  Unit cost depreciation
  VCAA Question 1
  VCAA Question 2
  VCAA Question 3
  Final words

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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