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Modelling growth …
About this lesson
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.
TitleUsing an explicit rule for linear growth or decay
SectionModelling growth and decay using recursion
CourseGeneral Maths Units 3 and 4
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maffsgurugood maths videos for middle schoolgood maths videosgood maths videos for high schoolgood maths websitegood maths teachermaffs guruvce mathsdarren smythmaths tutorialsUsing an explicit rule for linear growth or decayfrom recurrence relationship to rulelinear growth and decaysimple interestflat rate depreciationunit cost depreciationyear 12 general mathsvce general mathsunit 3 and 4 general mathsunit 3 and 4 maths
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Stuck on a step? Wondering about a concept? Leave a question below — Darren and the MaffsGuru team read every comment.