Ratios: A ratio is a way to compare two or more quantities. It is often expressed in the form of a:b, where a and b are the quantities being compared. Ratios can be simplified by dividing both terms by their greatest common divisor.
ProportionsA proportion is an equation that states that two ratios are equal. For example, if a/b = c/d ,then a,b,c, and d are said to be in proportion. To solve proportions, you can use cross-multiplication.
Formulas and Key Points:
Introduction: Simple Interest (SI) is a method of calculating the interest charged on a sum of money (the principal) over a certain period at a fixed rate. Unlike compound interest, simple interest does not take into account the interest that accumulates on the interest already earned. Instead, it is calculated only on the principal amount throughout the period.
Key Terms
Formula: SI = (P x R x T) / 100
Additional Formulas:
Calculating Total Amount (A): The total amount payable or receivable at the end of the time
period,
including both principal and interest.
A = P+SI
Substituting the value of SI, we get:
A=P+ (PxRxT)/100
Finding Principal (P): When the simple interest, rate, and time are known.
P= (SIx100)/(RxT)
Finding Rate (R): When the simple interest, principal, and time are known.
R= (SIx100)/(PxT)
Finding Time (T): When the simple interest, principal, and rate are known.
T= (SIx100)/(PxR)
Examples of Simple Interest
Example 1: If you invest $1,000 (P) at an annual interest rate of 5% (R) for 3 years (T),
the simple
interest (SI) will be:
SI= (1000x5x3)/100 = 150
So, the simple interest is $150.
Example 2: You borrowed $2,000 at a rate of 6% per annum for 4 years. The interest
payable
will be:
SI= (2000x6x4)/100 = 480
The interest payable is $480.
Profit: Profit is the financial gain obtained when the selling price (SP) of an item is greater than its cost price (CP). The formula for calculating profit is:
Loss: Loss occurs when the cost price (CP) of an item is greater than its selling price (SP). The formula for calculating loss is:
Formulas and Key Points:
Average: The average of a set of numbers is the value that represents the central or typical point of the data set. It is commonly referred to as the arithmetic mean.
Formulas for Averages:
Key Points:
Introduction: Percentages represent a fraction of 100. They are used to express how a number compares to a whole, which is often referred to as 100%. The percentage value can be used in various financial calculations, comparisons, and statistics.
Basic Formula:
Key Formulas:
Introduction: Speed, distance, and time are fundamental concepts in motion and transportation. They are related by simple mathematical formulas that help calculate any one of these values when the other two are known.
Basic Formulas:
Key Formulas and Calculations:
Introduction: Problems involving ages often require setting up equations based on the relationship between the ages of different individuals. These problems typically involve simple algebraic operations.
Basic Formulas:
Key Formulas and Calculations:
Introduction: Algebra involves using symbols, typically letters, to represent numbers and express mathematical relationships. It includes solving equations, simplifying expressions, and working with functions.
Basic Concepts:
Key Formulas and Techniques:
Introduction: Pipes and cisterns problems involve calculating the time required to fill or empty a tank given different rates of flow. These problems often require the use of work rates and understanding of the combined or individual rates of the pipes.
Basic Concepts:
Key Formulas: