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FutureStarr17 10 As a Percent
A ten percent solution might help you find a solution to your big dream. Here are our favorite places to find great content for your next marketing campaign.
A mixed number is a whole number plus a fraction. You can convert fraction part of the mixed number to a decimal and then multiply by 100 to get the percent value. Alternatively you can convert mixed number to an improper fraction, and then convert it to a decimal by dividing numerator by denominator. Finally, multiply the decimal by 100 to find the percent value.
That gives you the annual interest, but you are going to pay it in monthly instalments. That means that each year’s payment has to be divided by 12 (in practice, your mortgage company will probably do it by day, so that it will alter slightly each month, but this should be close enough for budgeting purposes). (Source: www.skillsyouneed.com)
We use percentages to make calculations easier. It is much simpler to work with parts of 100 than thirds, twelfths and so on, especially because quite a lot of fractions do not have an exact (non-recurring) decimal equivalent. Importantly, this also makes it much easier to make comparisons between percentages (which all effectively have the common denominator of 100) than it is between fractions with different denominators. This is partly why so many countries use a metric system of measurement and decimal currency.
As your maths skills develop, you can begin to see other ways of arriving at the same answer. The laptop example above is quite straightforward and with practise, you can use your mental maths skills to think about this problem in a different way to make it easier. In this case, you are trying to find 20%, so instead of finding 1% and then multiplying it by 20, you can find 10% and then simply double it. We know that 10% is the same as 1/10th and we can divide a number by 10 by moving the decimal place one place to left (removing a zero from 500). Therefore 10% of £500 is £50 and 20% is £100. (Source: www.skillsyouneed.com)