Maths: compound growth and decay

HideShow resource information

The formula

N = initial amount(1+% change) little number of number of days/hours/years

Put into practise: A man invests £1000 in a savings account which pays 8% compound interest per annum. how much will there be after 6 years.

1000(1.08)6= £1586.8
If there is a decrease (deprication) it won't be 1.08 let's say it's a reduce by 10% it becomes 0.90

1 of 1


No comments have yet been made

Similar Mathematics resources:

See all Mathematics resources »See all Data Handling resources »