Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
Conversion between fractions, decimals, and percentages (FDP).
Simplifying fractions and finding common denominators for addition and subtraction.
Converting recurring decimals into fractions using algebraic methods.
Calculating percentage increase and decrease using multipliers.
Understanding Reverse Percentages to find the original value before a change.
Distinguishing between Simple Interest (linear growth) and Compound Interest (exponential growth).
📐Formulae
💡Examples
Problem 1:
Convert the recurring decimal to a fraction in its simplest form.
Solution:
Explanation:
Let . Then . Subtracting the first equation from the second gives , which simplifies to . Therefore, .
Problem 2:
A car's value depreciates by 15% each year. If the car is worth $12,000 now, what will it be worth in 3 years?
Solution:
$7,369.50
Explanation:
This is a compound depreciation problem. Use the formula . Here, , , and . Calculation: .
Problem 3:
The price of a television after a 20% sales tax is added is $432. Find the original price before the tax.
Solution:
$360
Explanation:
This is a reverse percentage problem. The 432 \div 1.2 = 360$.