Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
Converting between fractions, decimals, and percentages (FDP).
Arithmetic operations with fractions: Addition and subtraction require a common denominator; multiplication involves multiplying numerators and denominators; division uses the reciprocal ('keep, change, flip').
Terminating vs. Recurring decimals: Recognizing that fractions with denominators whose prime factors are only 2 and 5 terminate.
Percentage change: Calculating the increase or decrease relative to the original value.
Reverse Percentages: Finding the original value after a percentage change has occurred (working backwards).
Compound Interest: Calculating the total amount after a repeated percentage increase over time.
Converting recurring decimals into fractions using algebraic methods.
📐Formulae
💡Examples
Problem 1:
Calculate , giving your answer as a simplified fraction.
Solution:
Explanation:
Convert mixed numbers to improper fractions. Find a common denominator (12). Subtract the numerators and keep the denominator.
Problem 2:
A laptop is sold for $595 after a 15% discount. Calculate the original price of the laptop.
Solution:
. .
Explanation:
This is a reverse percentage problem. A 15% discount means the sale price is 85% of the original. Divide the sale price by the decimal multiplier (0.85) to find the 100% value.
Problem 3:
Write the recurring decimal as a fraction in its simplest form.
Solution:
Let , , . .
Explanation:
Use algebra to eliminate the recurring part. Multiply by powers of 10 to create two equations where the decimals after the point match, then subtract the equations and solve for .
Problem 4:
Invest $4000 at a rate of 3% per year compound interest. Calculate the total interest earned after 5 years.
Solution:
. .
Explanation:
Use the compound interest formula . To find only the interest, subtract the original principal from the final total amount.