M1.1
Modelling Financial Situations
Apply arithmetic and geometric sequences to financial contexts including compound interest and investments.
Sample questions
- 1.An investment pays $1 200 per year. After 8 years at 4% compound interest, what is the total value of the investment?
Exam weighting
3–5 marks.
Common student mistakes
- ·Confusing arithmetic and geometric sequence formulas
- ·Incorrect identification of whether a sequence is arithmetic or geometric
Other Advanced topics
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