General Mathematics Unit 4

A recurrence relationship is given below.

A_{n + 1} = 1.067A_n, A₀ = $3000

The starting value of this investment (n=0) is:

A recurrence relationship is given below.

A_{n + 1} = 1.067A_n, A₀ = $3000

The percentage rate for this investment is:

A recurrence relationship is given below.

A_{n + 1} = 1.067A_n, A₀ = $3000

The balance of this account after 1 year (n = 1) is:

A recurrence relationship is given below.

A_{n + 1} = 1.067A_n, A₀ = $3000

The amount of interest earned after one year is:

A recurrence relationship is given below.

A_{n + 1} = 1.067A_n, A₀ = $3000

The amount of interest after one year is $201. Therefore $201 is ____% of $3000.

A recurrence relationship is given below.

A_{n + 1} = 1.067A_n, A₀ = $3000

Calculate when the balance will be above $5000

n = ____?

$10,000 compounds daily at 3% interest p.a.

Calculate the value after 6 months. (rounded to two decimal places)

Mr. Roweno Gonzales deposits in BDO at 2.4% per annum compounded monthly. What is his effective Annual rate?

• 2.43%

• 2.42%

• 2.46%

• 2.45%

What IS the effective interest rate?

• An effect of interest

• Compound interest turned into a simple interest rate for the year

• The percentage increase over a year

• A formulaic version of future values

• Complete networks are networks where the vertices are all connected to each other.

If you were asked to compare different investment options that compound at different intervals, and justify your answer, how you would do that?

• Use effective interest rate

• Use an example amount and time, such as $1000 and 1 year, and show calculations

• Look at the numbers and write some sentences

• Bees