HSC Together General Maths: Recursion in Reducing Balance Loans

Recursion in Reducing Balance Loans

How do reducing balance loans work?

Reducing balance loans are calculated on the balance owing and not the initial amount borrowed. As payments are made, the balance owing is reduced and hence the interest charged is reduced. This video highlights how recursion in reducing balance loans work in QCE General Maths, and how to graph them.

 

 

 

QCE Lesson Examples

During Quarantine, a few teachers uploaded their class videos online. They are quite long but are worth the watch if you need to consolidate the information further.

Part 1

 

Part 2

 

Graphing a reducing balance loan

The following video explains how to graph a reducing balance loan

 

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