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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