Modelling growth and decay using recursion
General Maths Units 3 and 4 (2023+)
Lesson notes
LEGAL STUFF
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
Chapters
Welcome
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
Description
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
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simple interest
flat rate depreciation
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