Finance, Growth and Decay [Foundation]
In this course, we cover the Grade 11 work which will be examined in trials and finals as well as the new Grade 12 work. We begin by focusing on compound interest and how to adjust our formula for changes in compounding period and changes to interest rates. We then move on and look at reducing balance depreciation, another concept from Grade 11.
Our focus on Grade 12 work begins when we use logs to solve for n. We will look at how to use the future value formula, working forwards and backwards. We will also look at some more complex questions in the Future Value – Stepping Up lesson.
We end the course by looking at the Present Value formula – again learning to work backwards and forwards.