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Summary Math Finance for grade 11 and 12 metacog
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finance for grade 11 and 12 metacog use to revise and to study from when doing math papers
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nancGrad 11 Note
Simple interest (linear growth) : A = P (1 +in)
Compound interest (exponential growth) : A = P (1 +i) n
Depreciation : the loss of value
- Book value : value after depreciation
- Scrap value : value of asset after its useful life
Straight line depreciation : A = P (1 - in)
- Don't use unless told
- Liniar
Reducing balance depreciation : A = P (1 -i) n
- Compound interest
- Always has some value (can't = 0)
- Takes previous depreciation into account (years = n)
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