1.5.3

Compound Growth & Decay

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Compound Growth and Decay

Growth and decay

Growth and decay

  • When an amount increases or decreases by a set percentage on a regular basis this is called compound growth or compound decay.
  • The amount that is lost/gained changes with each interval since the amount lost/gained is a percentage of the current amount.
Formula

Formula

  • This formula gives the amount after n intervals:
    • N = S × (multiplier)n
  • Where S is the starting amount and the multiplier is the percentage multiplier:
    • 1.25 for a 25% increase or 0.6 for a 40% decrease.
Jump to other topics
1

Number

1.1

Place Value

1.2

Factors & Multiples

1.3

Operations

1.4

Fractions, Decimals & Percentages

1.5

Growth & Decay

1.6

Measurements & Units

1.7

Accuracy

2

Algebra

2.1

Introduction to Algebra

2.2

Graphs

2.3

Solving Equations

2.4

Sequences

3

Ratio, Proportion & Rates of Change

4

Geometry & Measures

4.1

Introduction to Geometry

4.2

Ruler & Compass Constructions

4.3

Perimeter & Area

4.4

Triangles, Quadrilaterals & Circles

4.5

Transformations

4.6

Triangle Formulae

4.7

3D Shapes

4.8

Vectors

5

Probability

6

Statistics

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