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Title: Interest rates over different time periods and effective interest rates

Section: Modelling growth and decay using recursion

Course: General Maths Units 3 and 4

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maffsguru good maths videos for middle school good maths videos good maths videos for high school good maths website good maths teacher maffs guru vce maths darren smyth maths tutorials Interest rates over different time periods and eff effective interest rates nominal interest rates converting nominal interest rates effective interest rates CAS year 12 maths year 12 general maths general maths vce vce unit 3 and 4 maths
Interest rates over different time periods and effective interest rates
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About Lesson

This video is the final in the section relating to recurrence relationships for the Year 12 General Maths course. Looking at the exciting subject of Interest rates over different time periods and effective interest rates, I look at what an effective interest rate is and how we can calculate it by hand and using the CAS. This is a topic which comes up in the exams all the time and few students remember (or known) how to do the questions. I also look at how we can turn nominal (per annum) interest rates into monthly, weekly, daily and quarterly rates and how this might affect an investment or loan. There are lots of worked examples and explanations on how to do VCAA questions.

LEGAL STUFF (VCAA)

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

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