Support · Mathematics Standard 11–12 – Year 12 – Standard 1 · Depreciation and loans
Support Explain how credit cards are an example of a reducing balance loan
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Prerequisite dot points
Use the compound interest formula to establish the depreciation formula S = V_0(1 - r)ⁿ where S = salvage value, V_0 = initial value of the asset, r = depreciation rate per time period and n = number of periods
Stage 5 · Financial mathematics B Draft mapping
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Solve problems involving the depreciation of an asset
Stage 5 · Financial mathematics B Draft mapping
- WorksheetDrillKuta free worksheet: Exponential growth and decay word problemsUse it for: Printable skills-practice sheet with answer key on exponential growth and decay word problems; good for drill or homework.