Further Applications of Mathematics

Slides:



Advertisements
Similar presentations
Contents 7.2 Applications of Percentage in Banking and 7.3 Time-series Graphs 7.4 Interpreting and Analysing Data Collected 7.1 Arithmetic and Geometric.
Advertisements

Bonds Add in bond interest ex from book. Bonds Unit 7 - Investing.
(c) 2001 Contemporary Engineering Economics 1 Chapter 11 Understanding Money and Its Management Nominal and Effective Interest Rates Equivalence Calculations.
Credit Costs TODAY YOU WILL... EXAMINE THE COSTS OF CREDIT. 1 ©2014 National Endowment for Financial Education | Lesson 2-2: Credit Costs.
Economy / Market Analysis
1 Introduction to Macroeconomics Chapter 20 © 2006 Thomson/South-Western.
Saving, Investment, and the Financial System
Financial Markets Saving, Investment, and the Financial System.
5.0 Chapter 5 Discounte d Cash Flow Valuation. 5.1 Key Concepts and Skills Be able to compute the future value of multiple cash flows Be able to compute.
Discounted Cash Flow Valuation.  Be able to compute the future value of multiple cash flows  Be able to compute the present value of multiple cash flows.
© 2008 Nelson Education Ltd. N. G R E G O R Y M A N K I W R O N A L D D. K N E E B O N E K E N N E T H J. M c K ENZIE NICHOLAS ROWE PowerPoint ® Slides.
20.4 Reducing Balance Loans. Reducing balance loans A reducing balance loan is a loan that attracts compound interest, but where regular payments are.
Macroeconomics Lecture 5.
OAC Economic Seminar CHAPTER #12 Economic Fluctuations.
Motion Change in position against some stationary background (frame of reference).
Chapter Saving, Investment, and the Financial System 18.
Answers to Review Questions  1.Explain the difference between aggregate demand and the aggregate quantity demanded of real output. Ceteris paribus, how.
McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 16: Money, Prices, and the Financial System 1.Describe.
© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Discounted Cash Flow Valuation Chapter Six.
Managing Your Money Chapter 23.
Chapter 1 Why Study Money, Banking, and Financial Markets?
Financial Maths Siew Wei & Andrea Phan. Exercise 6D: Compound Interest.
Macro Review Day 3. The Multiplier Model 28 The Multiplier Equation Multiplier equation is an equation that tells us that income equals the multiplier.
Motion graphs Position (displacement) vs. time Distance vs. time
UNDERSTANDING MONEY MANAGEMENT CHAPTER If payments occur more frequently than annual, how do you calculate economic equivalence? 2.If interest period.
Unit two | general mathematics
Personal Financial Management
Chapter 25 Government Finance in the Full-Employment Model
Saving, Investment, and the Financial System
Saving, investment, and the financial system
Chapter 3 Learning Objectives
Managing Money 4.
Chapter 6 Learning Objectives
Demand Estimation and Forecasting
Cost of Money Money can be obtained from debts or equity both of which has a cost Cost of debt = interest Cost of equity = dividends What is cost for.
Describing Motion in One Dimension
Chapter 2 Pricing of Bonds
How are Albert Einstein and the Rule of 72 related?
Average Rate of Change of a Function
Theme 4: Banking and Credit
Section 13-2 Consumer Credit.
Open-Economy Macroeconomics
Chapter 12 key terms pgs.289 FL1-312
Chapter 5 Interest Rates
How are Albert Einstein and the Rule of 72 related?
Chapter 36 Financing the Business
Personal Finance and International Review Questions
Section 11.4 Installment Buying
How are Albert Einstein and the Rule of 72 related?
10 Saving for the Future 10.1 Growing Money: Why, Where, and How
How are Albert Einstein and the Rule of 72 related?
How are Albert Einstein and the Rule of 72 related?
Economics - Notes for Teachers
Saving, Investment, and the Financial System
INTEREST RATES, MONEY AND PRICES IN THE LONG RUN
7. Annuities and loan repayments
Saving, Investment, and the Financial System
© 2016 Pearson Education Ltd. All rights reserved.19-1© 2016 Pearson Education Ltd. All rights reserved.19-1 Chapter 1 Why Study Money, Banking, and Financial.
10 Saving for the Future 10.1 Growing Money: Why, Where, and How
Day 23 Understanding the rate of change when it is not constant
Average Credit Card Debt Average Minimum Payment
NEFE’s High School Financial Planning Program Lesson 2-2: Credit Costs
FIN 360: Corporate Finance
How are Albert Einstein and the Rule of 72 related?
UNDERSTANDING MONEY MANAGEMENT
Section 10.4 Installment Buying.
Calculating and Graphing Speed
Saving, Investment, and the Financial System
AS-AD curves: how natural is the natural rate of unemployment?
Chapter 10 Accounting for Long-Term Debt
Presentation transcript:

Further Applications of Mathematics Chapter 18 Further Applications of Mathematics

Use of Graphs

Graphs and information When a car comes to a junction with a “Stop” sign and then turns left, it must slow down, stop (i.e. speed  0) and then move again. Therefore the curve of the graph touches the time axis.

Graphs and information The graphs show the process of pumping a balloon up with hand pump I and hand pump II. Which hand pump is more effective?

Graphs and rates The charge for the first 500 minutes  $108 The charge rate for the next 400 minutes  $ 1.08/min The charge rate for the first 900 minutes  $ 0.6/min

Graphs and rates The step graph shows that a car park charges $25 per hour for the first-hour and $15 per hour thereafter. Parking less than one hour will be charged as one hour.

Graphs and trends Based on the trend of the above time-series graph, the average price index of local residential property keeps decreasing since the 2nd quarter of 1997. Students may use this trend to predict the average price index in the 4th quarter of 2002.

Graphs and rates of change A travel graph shows the distance travelled by an object against time. The figure shows a non-linear travel graph. Since slope of OA  slope of AB  slope of BC, the average rate of change in distance travelled increases as time increases, i.e. the average speed of the object is getting higher.

Graphs and rates of change If water fills the following containers at a constant speed, match the graphs of the water level against time to the corresponding containers.

Further Applications of Percentages

Purchase by instalments/loan When a purchase is made by instalments, interest is generally calculated at a flat rate. The total interest is thus calculated as a percentage of the initial amount owed over the entire repayment period. The sum of the interest and loan amount is generally repayable in equal instalments.

Credit Card Repayment If a credit card holder does not repay the amount owed in full before the due date, a minimum monthly repayment is required to be paid, and an interest compounded daily will be calculated on the balance due. The minimum monthly repayment is generally 5% of the balance.

Investment Mandatory Provident Fund (MPF), stocks, bonds, foreign exchange, funds etc are common investments for investors to increase their wealth quickly. However, all investments carry risk, and thus their prices may go up or down.

Determination of Laws

Convert a non-linear graph into a linear graph In real-life situations, we come across non-linear graphs more than linear ones. To make it easier to find out the relation between the variables of a non-linear graph, the non-linear graph should be transformed into a linear one.

Convert a non-linear graph into a linear graph

Convert a non-linear graph into a linear graph In example 11, the possible relation between the length of the pendulum L and the period T is pendulum

Convert a non-linear graph into a linear graph

Analyzing Data Collected in Surveys

Analyzing data Data need to be analyzed before any conclusions are drawn. Governments and corporations analyze data regularly to make predictions about future trends and help determine future plans.

Using examination results Teachers may use the statistics of the examination to help them plan appropriate activities for students of different levels.

Highlight of 03 - 04 financial budget To facilitate the recovery of local economy from the hit of the Asian Currency turmoil in 1997, the HKSAR government sharply increased public expenditure for the period 1998 - 1999, e.g. to help improve unemployment by funding training and retraining programmes. This measure contributed to the huge fiscal deficit for several years after 1997.

End