100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Financial math Gr 11 IEB notes $3.68   Add to cart
Quickly navigate to
Preview
  2.  
  3. 11th Grade
  4.  
  5. Mathematics

Summary

Summary Financial math Gr 11 IEB notes

 18 views  0 purchase
  • Course
  • Mathematics
  • Institution
  • 11th Grade

Detailed notes of Gr 11 financial math section. Including: Simple interest Compound interest Depreciation (straight line and reducing balance method) Nominal and effective interest rate Rate calculation and conversions Timelines Sinking funds & many examples.

Preview 2 out of 7  pages

Document information

  • June 14, 2022
  • 7
  • 2021/2022
  • Summary

Subjects

  • math
  • mathematics
  • finance
  • accounting
  • gr 11
  • gr 12
  • financial math
  • depreciation
  • interest
  • ieb
  • gde
  • dbe
  • nominal
  • effective interest rate
  • simple interest
  • grade eleven
  • matric
  • math notes
  • summary

Written for

  • 11th Grade
  • Mathematics
  • 200
All documents for this subject (151)

Seller

avatar-seller
erinswanepoel

Reviews received

Content preview

Financial
maths

, Financial
Interest
maths
Simple interest
Linear growth
Accumulative amount -

A = P(1+in) Number of years

Used for hire-purchase agreements Principle amount Interest rate

Eg.1 Sage wants to purchase a bed for R8500. She pays a deposit of 5% and
finances the remainder with a hire-purchase loan. Determine the Monthly
repayments if she is offered an interest rate of 12.7% p.a. over 2 years.
A = P(1+in) A= ?
A = 8075(1+0.127x2) P= 8500- 425 (deposit)
A= 10126.05 I= 12,7% = 0,127
MI= R421,92 N= 2
b) Calculate the total amount sage would have spent on the bed once it is
fully paid off.
Total amount = A+deposit
= 10126.06 + 425
= R10551.05 spent to purchase the bed


Compound interest N
Exponential growth A = P(1+i)
Always use compound formula unless hire-purchase or otherwise stated
Eg.1 Megan is budgeting to buy a small train in 3 years and will require a deposit of
R12000. How much should she deposit in the bank now if she is offered an interest
rate of 3,5%? A= 12000
N
A = P(1+i) P= ?
3
12000= P(1+0.035) I= 3,5% = 0,035
3 3
(1+0.035) (1+0.035) N= 3
P= R10823.31

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller erinswanepoel. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.68. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.68
  • (0)
  Add to cart