What is the relationship between simple interest,arithmetic sequences and linear growth? Refer to any tables,graphs and formulas for explanation

Expert Answers

An illustration of the letter 'A' in a speech bubbles

You need to remember that if a sequence of terms has a linear growth, then the difference between any two successive terms is a constant and the sequence is an arithmetic sequence.

If the difference is a negative term, then the sequence is equivalent to a decay and if the difference is a positive term then the sequence is equivalent to a growth.

The arithmetic sequence is the best function that helps you to analyze the growth or decay of simple interest, while the geometric sequence helps you to analyze the compound interest.

The simple interest expresses the money that you will get by investing a principal amount of money. You can evaluate the simple interest by adding a fixed percentage of the principal amount of money.

See eNotes Ad-Free

Start your 48-hour free trial to get access to more than 30,000 additional guides and more than 350,000 Homework Help questions answered by our experts.

Get 48 Hours Free Access
Approved by eNotes Editorial Team