Problem solving with further sequences
I can use my enhanced knowledge of sequences to solve problems.
Problem solving with further sequences
I can use my enhanced knowledge of sequences to solve problems.
These resources will be removed by end of Summer Term 2025.
Lesson details
Key learning points
- Compound interest can be thought of as a geometric sequence.
- You can apply your knowledge of geometric sequences to solve compound interest problems.
Keywords
Interest - Interest is money added to savings or loans.
Compound interest - Compound interest is calculated on the original amount and the interest accumulated over the previous period.
Geometric sequence - A geometric sequence is a sequence with a constant multiplicative relationship between successive terms.
Common ratio - In a geometric sequence, the constant multiplier between successive terms is called the common ratio.
Common misconception
A multiplier of 1.3 is used to increase a value by 3%
A multiplier of 1.3 is used to increase a value by 30%
Licence
This content is © Oak National Academy Limited (2024), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).
Lesson video
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Starter quiz
6 Questions
a sequence with a common difference between successive terms.
a sequence where each term is the sum of the two previous terms.
a sequence with a common multiplier between successive terms.
a sequence with a common second difference.
Exit quiz
6 Questions
