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Page 1: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

1A_Ch3(1)

Page 2: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

1A_Ch3(2)

3.1 Simple Problems Involving Percentages

A Using Percentage to Find a

Number

B Finding the Percentage

C Finding the Original Number

from a Given Percentage

Index

Page 3: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

1A_Ch3(3)

3.2 Percentage Change

A Percentage Increase

B Percentage Decrease

C Percentage Change

Index

Page 4: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

1A_Ch3(4)

3.3 Profit and Loss

A Profit

B Loss

Index

Page 5: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Using Percentage to Find a Number

y% of a number A = A × y%

Index

A)

1A_Ch3(5)3.1 Simple Problems Involving Percentages

Example

Index 3.1

Page 6: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Find the value of each of the following.

(a) 850 × 25%

Index

1A_Ch3(6)3.1 Simple Problems Involving Percentages

(a) 25% of 850 (b) 10% of 12.8

= 850 × 0.25

= 212.5

(b) 12.8 × 10% = 12.8 × 0.1

= 1.28

Page 7: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(7)3.1 Simple Problems Involving Percentages

There are 1 400 staff in a company. It is

known that 88% of the staff in the company

are university graduates. How many staff in

that company are university graduates?

Number of staff who are university graduates

= 1 400 × 88%

10088

= 1 400 ×

= 1 232

Fulfill Exercise Objective

Use percentage to find a number.

Page 8: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(8)3.1 Simple Problems Involving Percentages

In 2002, the population of Hong Kong was 6.8 million and

16% of them were aged under 15. How many people were

15 or above?

Number of people aged under 15 = 6.8 × 16% million

= 6.8 × 0.16 million

= 1.088 million

∴ Number of people aged 15 or above

= (6.8 – 1.088) million

= 5.712 million

Fulfill Exercise Objective

Use percentage to find a number.

Key Concept 3.1.1

Page 9: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Finding the Percentage

Index

B)

1A_Ch3(9)3.1 Simple Problems Involving Percentages

1. To find out what percentage of a is b,

we write .ba× 100%

2. To find out what percentage of b is a,

we write .ab× 100%

Example

Index 3.1

Page 10: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

(a) What percentage of 45 is 36?

(b) What percentage of 36 is 45?

Index

1A_Ch3(10)

3.1 Simple Problems Involving Percentages

(a) The required percentage = %1004536

= 80%

(b) The required percentage = %1003645

= 125%

Page 11: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(11)

3.1 Simple Problems Involving Percentages

Among the 800 people in the election

team, 256 of the team members vote

for candidate A and the rest vote for

candidate B.

(a) What percentage of the votes has gone to

candidate A?

(b) What percentage of the number

of votes for A is that for B?

Page 12: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(12)

3.1 Simple Problems Involving Percentages

(a) The required percentage = %100800256

= 32%

(b) The number of votes that candidate B gets = 800 – 256

= 544

The required percentage = %100256544

= 212.5%

Fulfill Exercise Objective

Find the required percentage.

Back to Question

Key Concept 3.1.2

Page 13: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Finding the Original Number from a Given Percentage

Index

C)

1A_Ch3(13)

3.1 Simple Problems Involving Percentages

Given : x% of the original number A = y

Theny

x%A =

Example

Index 3.1

Page 14: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Find the unknown in each of the following.

Index

1A_Ch3(14)

3.1 Simple Problems Involving Percentages

(a) $24 is 60% of $m. (b) 180 kg is 125% of n kg.

m × 0.6= 24

m = 24 ÷ 0.6

= 40

(a) $m × 60% = $24

n × 1.25 = 180

n = 180 ÷ 1.25

= 144

(b) n kg × 125%= 180 kg

Page 15: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(15)

3.1 Simple Problems Involving Percentages

A football team won 85% of its games

last year. If they won 34 games

altogether, how many games did the team

play?Let n be the total number of games the team played.

Then 85% of n is 34.

i.e. 85% × n = 34

n × 0.85= 34

n = 34 ÷ 0.85

= 40 ∴ The total number of games the team played was 40.

Fulfill Exercise Objective

Find the original number.

Page 16: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(16)

3.1 Simple Problems Involving Percentages

In the academic year 1999 – 2000, 55%

of the students in the University of Hong

Kong were male. If the number of female

students in that year was 6 300, then what

was the total number of students?

Percentage of female students

= 100% – 55%

= 45%

Page 17: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(17)

3.1 Simple Problems Involving Percentages

Let n be the total number of students.

Then 45% of n is 6 300.

i.e. 45% × n= 6 300

n × 0.45= 6 300

n = 6 300 ÷ 0.45

= 14 000

∴ The total number of students was 14 000.

Fulfill Exercise Objective

Find the original number.

Back to Question

Key Concept 3.1.3

Page 18: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Percentage Increase

Index

A)

1A_Ch3(18)

3.2 Percentage Change

Example

Index 3.2

1. Increase = New value – Original value

2. Percentage increase = Increase

Original value× 100%

3. Increase = Original value × Percentage increase

4. New value = Original value × (1 + Percentage increase)

Page 19: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Find the percentage increase in each of the following.

Index

1A_Ch3(19)

3.2 Percentage Change

(a) Increase = 156 – 120

= 36

∴ Percentage increase

= %10012036

= 30%

(a) An increase from 120 to 156.

(b) An increase of 10.5 mL from 25 mL.

(b) Increase = 10.5 mL

∴ Percentage increase

= %100mL 25mL 5.10

= 42%

Page 20: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Increase each of the following quantities by the given percentage:

Index

1A_Ch3(20)

3.2 Percentage Change

(a) New value = 82 × (1 + 15%)

= 82 × 1.15

= 94.3

(a) 82 by 15% (b) $144 by 35%

(b) New value = $144 × (1 + 35%)

= $144 × 1.35

= $194.4

Page 21: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(21)

3.2 Percentage Change

The price increase of a movie recorded on DVD and

on video CD is both $5. If the original prices of a

DVD and a video CD are $125 and $40 respectively,

find the percentage increase in the price of

(a) a DVD,

(b) a video CD.

Page 22: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(22)

3.2 Percentage Change

(a) Percentage increase in the price of a DVD

= %100125$5$

= 4%

(b) Percentage increase in the price of a video CD

= %10040$5$

= 12.5%

Fulfill Exercise Objective

Find the percentage increase.

Back to Question

Page 23: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(23)

3.2 Percentage Change

To celebrate the New Year, a certain

brand of chocolate beans added 10% to

the weight of each pack for free.

If the original weight of each pack of the chocolate beans

was 50 g, what was the weight of each pack after the

increase?

The new weight = 50 × (1 + 10%) g

= 50 × 1.1 g

= 55 gFulfill Exercise Objective

Find the new value. Key Concept 3.2.1

Page 24: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Percentage Decrease

Index

B)

1A_Ch3(24)

3.2 Percentage Change

Example

Index 3.2

1. Decrease = Original value – New value

2. Percentage decrease = Decrease

Original value× 100%

3. Decrease = Original value × Percentage decrease

4. New value = Original value × (1 – Percentage

decrease)

Page 25: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Find the percentage decrease in each of the following.

Index

1A_Ch3(25)

3.2 Percentage Change

(a) Decrease = 300 – 48

= 252

∴ Percentage decrease

= %100300252

= 84%

(a) An decrease from 300 to 48.

(b) An decrease of 3 g from 12 g.

(b) Decrease = 3 g

∴ Percentage decrease

= %100g 12g 3

= 25%

Page 26: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Decrease each of the following quantities by the given percentage:

Index

1A_Ch3(26)

3.2 Percentage Change

(a) New value = 150 × (1 – 27%)

= 150 × 0.73

= 109.5

(a) 150 by 27% (b) 855 cm by 60%

(b) New value = 855 × (1 – 60%) cm

= 855 × 0.4 cm

= 342 cm

Page 27: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(27)

3.2 Percentage Change

The worldwide population of the black r

hinoceroes has dropped from 65 000 in t

he early 1970s to 2 405 in the late 1990s.

What is the percentage decrease in the n

umber of black rhinoceroes?

The decrease = 65 000 – 2 405

= 62 595

The percentage decrease = %100000 65595 62

= 96.3%

Fulfill Exercise Objective

Find the percentage decrease.

Page 28: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(28)

3.2 Percentage Change

Kitty scored 80 marks in Mathematics

last term. If her score is decreased by

5% this term, what is her score in this

term?

The score of this term = 80 × (1 – 5%)

= 80 × 0.95

= 76Fulfill Exercise Objective

Find the new value. Key Concept 3.2.2

Page 29: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Percentage Change

Index

C)

1A_Ch3(29)

3.2 Percentage Change

Example

Index 3.2

‧ Percentage change = New value – Original value

Original value× 100%

New value > Original value

New value < Original value

Change Sign of percentage change

Increase

Decrease

+

Page 30: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(30)

3.2 Percentage Change

(a) If 100 is changed to 110, then

percentage change = %100100

100110

= +10%

(b) If 50 is changed to 40, then

percentage change = %10050

5040

= –20%

Page 31: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(31)

3.2 Percentage Change

The price of a digital camera was

$4 000 last year. This year the price

becomes $3 400. Find the percentage

change in price.

Percentage change

Fulfill Exercise Objective

Find the percentage change.

= %100000 4

000 4400 3

= %100000 4600

= –15% Key Concept 3.2.3

Page 32: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Profit

Index

A)

1A_Ch3(32)

3.3 Profit and Loss

1. When a merchant pays to buy goods, the amount he pays is called the cost price.

2. When the merchant sells goods at a price, the amount he receives is called the selling price.

3. If selling price > cost price, the merchant will make a profit.

4. If we compare the profit with the cost price of the goods and express the result as a percentage, the percentage is called the profit per cent (written as profit %).

Page 33: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Profit

Index

A)

1A_Ch3(33)

3.3 Profit and Loss

Example

Index 3.3

5. If selling price > cost price,

ii. Profit % = Profit

Cost price× 100%

iii. Profit = Cost price × Profit %

iv. Selling price = Cost price × (1 + Profit %)

i. Profit = Selling price – Cost price

Page 34: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

The selling price of a toy car is $225, and the

cost price is $180.

Index

1A_Ch3(34)

3.3 Profit and Loss

(a) Find the profit of the toy car.

(b) Find the profit per cent of the toy car.

(a) Profit = $(225 – 180) = $45

(b) Profit % = %100180$45$

= 25%

Page 35: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(35)

Mr Wong bought a pair of jeans for $80

and sold them for $130. Mr Cheung bou

ght a T-shirt for $40 and sold it for $90.

Who made a greater profit %?

Profit made by Mr Wong

= %10080$50$

3.3 Profit and Loss

= $(130 – 80)

= $50

∴ Profit %

= 62.5%

Page 36: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(36)

Profit made by Mr Cheung

= %10040$50$

3.3 Profit and Loss

= $(90 – 40)

= $50

∴ Profit %

= 125%

∴Mr Cheung made a greater profit %.

Fulfill Exercise Objective

Find the profit %.

Back to Question

Page 37: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(37)

A car was bought for $350 000 and

was sold at a profit of 20%. How

much was it sold for?

Selling price

Key Concept 3.3.1

3.3 Profit and Loss

= $350 000 × (1 + 20%)

= $420 000

= $350 000 × 1.2

Fulfill Exercise Objective

Find the selling price.

Page 38: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Loss

Index

B)

1A_Ch3(38)

3.3 Profit and Loss

1. If selling price < cost price, there will be a loss.

2. We can express loss as a percentage of the cost pric

e. The result is called the loss per cent (written as l

oss %).

Page 39: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Loss

Index

B)

1A_Ch3(39)

3.3 Profit and Loss

Example

3. If selling price < cost price,

ii. Loss % = Loss

Cost price× 100%

iii. Loss = Cost price × Loss %

iv. Selling price = Cost price × (1 – Loss %)

i. Loss = Cost price – Selling price

Index 3.3

Page 40: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(40)

If a bicycle is bought at $1 000 and sold for $800, then

loss = $(1 000 – 800)

= $200

and loss % = %100000 1$

200$

= 20%

3.3 Profit and Loss

Page 41: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(41)

A box of 100 coloured pencils costs $250. In

a sale, each pencil is sold at $2 a piece.What i

s the loss per cent after all of the pencils have

been sold?

Total cost price

Key Concept 3.3.2

3.3 Profit and Loss

= $250

Total selling price= $2 × 100 = $200

Total loss= $(250 – 200) = $50

∴ Loss % = %100250$50$

= 20%

Fulfill Exercise Objective

Find the loss %.

Page 42: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Discount

Index

1A_Ch3(42)

3.4 Discount

1. The difference between the marked price and the

selling price is called the discount.

2. We can express the discount as a percentage of the

marked price, which is called the discount per cent

(written as discount %).

Page 43: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Discount

Index

1A_Ch3(43)

3.4 Discount

Example

3. i. Discount = Marked price – Selling price

ii. Discount % = Discount

Marked price× 100%

iii. Discount = Marked price × Discount %

iv. Selling price = Marked price × (1 – Discount %)

Page 44: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

A sofa is marked at $2 800 and sold at $2 100 in

a sale. What is the discount and discount %?

Index

1A_Ch3(44)

Discount= $(2 800 – 2 100)

= $700

= 25%

3.4 Discount

Discount % %100800 2$

700$ =

Page 45: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(45)

A pack of E-Power Battery marked at $24 is now sold

for $21 only. A pack of D-cell Battery, on the other

hand, marked at $20 is now sold for $17.9.

Which pack of Battery is sold at a larger discount per

cent?

3.4 Discount

Page 46: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(46)

For E-Power Battery,

3.4 Discount

= $(24 – 21)

discount % = %10024$3$ = 12.5%

For D-cell Battery,

= $(20 – 17.9)

discount % = %10020$

1.2$ = 10.5%

= $3

= $2.1

∴ E-Power Battery is sold at a larger discount per cent.

Fulfill Exercise Objective

Find the discount %.

discount

discount

Back to Question

Page 47: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(47)

After a 44% discount, a radio is now

sold for $112. What was the original

marked price of the radio?

3.4 Discount

44% off

Now $112 only

Let $P be the original marked price of the radio.

Then112 = P × (1 – 44%)

112 = P × 0.56

P = 112 ÷ 0.56

= 200

∴ The original marked price was $200.

Fulfill Exercise Objective

Find the marked price.

Page 48: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(48)

A dictionary marked at $260 is sold at

a discount of 25%.

3.4 Discount

(a) Find the selling price.

(b) If the cost price of the dictionary is

$200, find the loss %.

Dictionary

25% off

(a) The selling price = $260 × (1 – 25%)

= $260 × 75%

= 10075

260$

= $195

Page 49: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(49)

Key Concept 3.4.1

3.4 Discount

(b) Loss = cost price – selling price

= $(200 – 195)

= $5

= %100200$

5$

= 2.5%

Loss %

Fulfill Exercise Objective

Miscellaneous problems.

Back to Question

Page 50: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Simple Interest

Index

1A_Ch3(50)

3.5 Simple Interest

1. If the interest in each period is calculated on the

same principal, then the interest obtained is called

simple interest.

2. The calculation of interest is based on a percentage of

the principal and that percentage is called the interest

rate.

Page 51: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Simple Interest

Index

1A_Ch3(51)

3.5 Simple Interest

3. Let $I stand for the simple interest, $P stand for the

principal, R% stand for the interest rate per annum,

T years stand for the period of time, $A stand for

the amount, then

Examplei.100

TRPI

ii. )100

1(RT

PIPA Example

Page 52: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(52)

If $1 000 is deposited in a bank at an interest rate of 6%

p.a., find the interest received a year later.

3.5 Simple Interest

Interest received = $1 000 × 6%

= $60

Page 53: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(53)

Deposit $6 000 in a bank at an interest rate of 8% p.a.

for 2 years. What is the simple interest received?

3.5 Simple Interest

Simple interest received

=100

28000 6$

= $960

Page 54: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(54)

Simon wants to deposit $30 000 in a bank

for 2.5 years. Bank A offers an interest

rate of 8% p.a. and Bank B offers 7.5%

p.a. How much more simple interest will

Bank A give to Simon than Bank B?

Simple interest given by Bank A

3.5 Simple Interest

=100

5.28000 30$

= $6 000

Page 55: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

Index

1A_Ch3(55)

Simple interest given by Bank B

3.5 Simple Interest

=100

5.25.7000 30$

= $5 625

The difference between the simple interests

∴ Bank A will give $375 more simple interest to Simon

than Bank B.

Fulfill Exercise Objective

Find the simple interest.

= $(6 000 – 5 625)

= $375

Back to Question

Page 56: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(56)

Kimmy borrows some money from a bank to start her o

wn business. The interest rate is 5% p.a.

Find the amount of money she borrows

from the bank if she has to pay a total

of $30 000 as simple interest

after 2 years.

3.5 Simple Interest

Page 57: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(57)

Let $P be the amount of money Kimmy borrows, then

3.5 Simple Interest

30 000 = 100

25P

30 000 = 10P

P = 30 000 × 10

= 300 000

∴ The amount of money Kimmy borrows is $300 000.

Fulfill Exercise Objective

Find the principal.

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Key Concept 3.5.1

Page 58: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(58)

A bank pays simple interest for money deposited at an

interest rate of 10% p.a. If $5 000 is deposited in the bank,

find the amount received after 3 years.

3.5 Simple Interest

Amount received after 3 years

=

100310

1000 5$

= $6 500

Page 59: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(59)

A bank pays simple interest at an

interest rate of 8% p.a. If $25 000 is

deposited in the bank, find

3.5 Simple Interest

(a) the amount received after 10 months, correct to the nearest $100,

(b) the time required to get the amount $27 500.

(a) Amount received after 10 months

=

100

81000 25$

1012

= $26 700 , cor. to the nearest 100

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1A_Ch3(60)

3.5 Simple Interest

(b) Let T years be the time required, then

27 500 =

1008

125000T

1008

1T =

000 25500 27

1008 T

= 0.1

T =8

10

= 1.25

∴ The time required is 1.25 years, i.e. 1 year and 3 months.

Fulfill Exercise Objective

Find the amount. Find the period of time.

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Page 61: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(61)

John deposits $1 000 000 in a bank where simple interest

is calculated at a rate of R% p.a.

3.5 Simple Interest

(a) If the amount received by John doubles the principal

after 10 years, find the value of R.

(b) Suppose R = 8.

(i) Find the amount received by John after 20

years.

(ii) Peter borrows a sum of money from John

and the interest rate is 8% p.a. If the amount that

Peter has to pay back John after 2.5 years is

$120 000, how much does Peter borrow?

Soln

Soln

Page 62: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(62)

3.5 Simple Interest

(a) The principal is $1 000 000.

The amount received by John after 10 years

Hence 2 000 000 =

10010

1000 000 1R

2 = 1 + 0.1R

1 = 0.1R

∴ R = 10

= $1 000 000 × 2

= $2 000 000

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Page 63: 1A_Ch3(1). 1A_Ch3(2) 3.1Simple Problems Involving Percentages A Using Percentage to Find a Number B Finding the Percentage C Finding the Original Number

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1A_Ch3(63)

3.5 Simple Interest

(b) (i) Amount received after 20 years=

100208

1000 000 1$

= $2 600 000

(ii) If $P is the sum of money that Peter borrows from John,

then120 000 =

1005.28

1P

120 000 = P(1 + 0.2)

P =2.1000 120

= 100 000

∴ Peter borrowed $100 000 from John.

Fulfill Exercise Objective

Find the interest rate. Find the principal.

Key Concept 3.5.1

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