General Maths Units 3 and 4
Interest rates over different time periods and effective interest rates
Modelling growth and decay using recursion
33:06
Lesson length
1
Chapters
Ready to watch the full lesson?
MaffsGuru members enjoy a full year of clear, classroom-style maths videos — plus notes, worksheets, and tools to help you learn and revise with confidence. One simple membership, one-off payment, and no auto-renewal.
Current chapter
—
Watch progress
0%
Playback speed
1.0×
Course
Modelling growth …
About this 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.
Lesson chapters
- Introduction
Legal (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
Video details
- 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
I would be grateful if you can support my work by subscribing to my YouTube channel.
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
Chapter index
Select a line to jump to that point in the video.
Chapter navigation is available to members.
Lesson discussion
Stuck on a step? Wondering about a concept? Leave a question below — Darren and the MaffsGuru team read every comment.