Mathematics 4024

Quick revision notes ยท Mathematics 4024 ยท Chapter 20 of 35

Daily Maths

Everyday maths: percentages, reverse percentages, interest, ratio, scales, rates, units and pie charts.

6 sectionsWorked examples Common mistakes

At a glance

Everyday maths: percentages, reverse percentages, interest, ratio, scales, rates, units and pie charts.

  1. Percentages
  2. Reverse percentages
  3. Simple and compound interest
  4. Ratio and proportion
  5. Rates, currency and units
  6. Pie charts

1Percentages

  • Percentage of an amount: change the % to a decimal and multiply. 35% of 240 = 0.35 ร— 240 = 84.
  • One quantity as a percentage of another: (part รท whole) ร— 100.
  • Use a multiplier for increases and decreases: +15% โ†’ ร— 1.15; โˆ’15% โ†’ ร— 0.85.
  • Percentage change = change รท original ร— 100 (profit and loss % work the same way).

Formulas

percentage change = (change รท original) ร— 100
new = original ร— multiplier

Worked example

A price rises from $40 to $46. Find the percentage increase.

  1. Change = 6.
  2. 6 รท 40 = 0.15.

15%

2Reverse percentages

  • You know the amount after a percentage change and want the original.
  • Original = new amount รท multiplier. After a 20% discount the multiplier is 0.8.
  • Never take the percentage of the new amount.

How to do it

  1. Write the multiplier for the change (e.g. +15% โ†’ 1.15).
  2. Divide the new amount by it.

Worked example

A phone costs $345 after a 15% price rise. What did it cost before?

  1. Multiplier = 1.15.
  2. 345 รท 1.15.

$300

3Simple and compound interest

  • Simple interest is the same every year: I = PRT รท 100 (P = principal, R = rate %, T = years).
  • Compound interest is added to the amount each year, so it grows: A = P(1 + r/100)n.
  • Total amount with simple interest = P + I. Compound interest earned = A โˆ’ P.

Formulas

I = PRT/100simple interest
A = P(1 + r/100)ncompound: amount after n years

Worked example

$2000 is invested at 5% per year compound interest for 3 years. Find the interest earned.

  1. A = 2000 ร— 1.053 = 2315.25.
  2. Interest = 2315.25 โˆ’ 2000.

$315.25

4Ratio and proportion

  • Simplify a ratio by dividing all parts by the HCF; use the same units first.
  • Sharing in a ratio: add the parts, find one part, multiply.
  • Map scale 1 : 50 000 means 1 cm on the map = 50 000 cm = 500 m in real life.
  • Best value: compare the price of the same amount (per 100 g, per litre) or the amount per $1.
  • Recipes: find the amount for one person (or one unit), then scale up.

Worked example

Share $360 in the ratio 4 : 5.

  1. 4 + 5 = 9 parts.
  2. One part = 360 รท 9 = 40.
  3. 4 ร— 40 = 160 and 5 ร— 40 = 200.

$160 and $200

5Rates, currency and units

  • Exchange rates: multiply to change into the currency the rate is quoted in, divide to change back.
  • Rates: speed (km/h), hourly pay ($/h), flow (litres/min), fuel use (km/litre), density (g/cmยณ), population density (people/kmยฒ).
  • Length: 1 km = 1000 m, 1 m = 100 cm, 1 cm = 10 mm. Mass: 1 kg = 1000 g; 1 tonne = 1000 kg.
  • Area and volume scale with the square and cube: 1 mยฒ = 10 000 cmยฒ; 1 mยณ = 1 000 000 cmยณ; 1 litre = 1000 cmยณ.

Formulas

density = mass รท volume
population density = population รท area

Worked example

$1 = 280 rupees. Convert 7000 rupees to dollars.

  1. Rupees โ†’ dollars: divide by 280.
  2. 7000 รท 280.

$25

6Pie charts

  • The whole pie is 360ยฐ. Angle for a group = frequency รท total ร— 360ยฐ.
  • From a pie chart: frequency = angle รท 360 ร— total.
  • If you know one sector's frequency and angle, find 'degrees per item' and scale.

Worked example

In a survey of 72 students, 18 walk to school. What angle represents walking?

  1. 18 รท 72 = 1/4.
  2. 1/4 ร— 360ยฐ.

90ยฐ

โœ—Common mistakes

Donโ€™t writeWrite instead
Reverse %: 64 + 20% of 64 Divide by the multiplier: 64 รท 0.8 = 80
Percentage change รท the new value Always divide by the original value
Compound interest worked as simple interest Multiply by 1.05 each year: P ร— 1.05n
1 mยฒ = 100 cmยฒ 1 mยฒ = 100 ร— 100 = 10 000 cmยฒ
Sharing in 4 : 5 by dividing by 4 and 5 Divide by the total number of parts, 9

โ˜…In the exam

  • Money answers: give 2 decimal places ($315.25, not $315.3).
  • Say clearly what you are comparing in best-value questions (price per 100 gโ€ฆ).
  • Read whether the question wants the interest or the total amount.