use arithmetic sequences to model and analyse practical situations involving linear growth or decay; for example, analysing a simple interest loan or investment, calculating a taxi fare based on the flag fall and the charge per kilometre, or calculating the value of an office photocopier at the end of each year using the straight-line method or the unit cost method of depreciation
ACMGM074
use geometric sequences to model and analyse (numerically, or graphically only) practical problems involving geometric growth and decay; for example, analysing a compound interest loan or investment, the growth of a bacterial population that doubles in size each hour, the decreasing height of the bounce of a ball at each bounce; or calculating the value of office furniture at the end of each year using the declining (reducing) balance method to depreciate
ACMGM077
use first-order linear recurrence relations to model and analyse (numerically or graphically only) practical problems; for example, investigating the growth of a trout population in a lake recorded at the end of each year and where limited recreational fishing is permitted, or the amount owing on a reducing balance loan after each payment is made
