Percentages in Finance

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Financial Terms

Profit and loss

Profit means ‘money made - costs’ and is a percentage increase.
If ‘money made - costs’ is negative then it is called loss and is a percentage decrease.

Interest

Interest means ‘new price - old price’ and is a percentage increase.
The rate of interest is the percentage increase.

Discount

Discount means ‘original price - discounted price’ and is a percentage decrease.

Original Value After a Percentage Change

A jacket is for sale at £59.50 after a 15% discount. What was the original price?

We know the new price

Write equation

15% discount so the old price must be multiplied by 1 - 0.15 = 0.85 to get the new price.

Sub in the new price

Rearrange

Solve on a calculator

Simple Interest

Simple interest means that a percentage of the starting amount is paid at regular intervals.

Types of simple interest

Annual interest is paid once per year and can be described as an amount being paid ‘per annum’.
Monthly interest is paid once per month.

Calculating simple interest

The amount paid from 9% simple interest per annum on a £200 saving over 3 years would be:
- 3 × 0.09 × £200 = £54.

Numbers

1.1

Integers

1.1.1Integers 1.1.2Ordering Numbers 1.1.3The Four Rules of Operations 1.1.4Hierarchy of Operations 1.1.5Definitions & Terms 1.1.6HCF & LCM 1.1.7Standard Form 1.1.8Standard Form 2 1.1.9Prime Numbers 1.1.10End of Topic Test - Standard Form

1.2

Fractions

1.2.1Fractions 1.2.2Using Fractions 1.2.3Conversion 1.2.4Reciprocals

1.3

Decimals

1.3.1Decimals 1.3.2Decimals 2 1.3.3Exam-Style Questions - Recurring Decimals 1.3.4Comparing & Converting Decimals 1.3.5End of Topic Test - Fractions & Decimals

1.4

Powers & Roots

1.4.1Square Numbers 1.4.2Index Notation 1.4.3Exam-Style Questions - Index Notation 1.4.4Advanced Indices 1.4.5Surds 1.4.6End of Topic Test - Powers & Roots

1.5

Set Language & Notation

1.5.1Sets

1.6

Percentages

1.6.1Percentages 1.6.2Percentage Change 1.6.3Percentages in Finance 1.6.4Compound Interest

1.7

Ratio & Proportion

1.7.1Manipulating Ratios 1.7.2Proportion

1.8

Degree of Accuracy

1.8.1Rounding & Significant Figures 1.8.2Estimation 1.8.3Upper & Lower Bounds 1.8.4Limits of Accuracy 1.8.5Limits of Accuracy 2 1.8.6End of Topic Test - Rounding & Estimation

Equations, Formulae & Identities

2.1

Algebraic Manipulation

2.1.1Algebra Basics 2.1.2Power Rules & Collecting Terms 2.1.3Expanding Brackets 2.1.4Expanding Brackets 2 2.1.5Factorising Quadratics 2.1.6Algebraic Fractions 2.1.7Proofs 2.1.8End of Topic Test - Algebra & Proofs 2.1.9Exam-Style Questions - Algebraic Proof

2.2

Expressions & Formulae

2.2.1Rearranging Formulae 2.2.2Simple Formulae 2.2.3End of Topic Test - Algebra Manipulation & Formula

2.3

Linear Equations

2.3.1Solving Linear Equations 2.3.2Simultaneous Linear Equations

2.4

Quadratic Equations

2.4.1Solving Quadratics 2.4.2Solving Quadratics 2 2.4.3End of Topic Test - Solving Equations 2.4.4Simulateous Quadratic Equations 2.4.5Exam-Style Questions - Simultaneous Equations 2.4.6Graphs of Simultaneous Equations 2.4.7End of Topic Test - Simultaneous Equations

2.5

Proportion

2.5.1Graphs & Proportion

2.6

Inequalities

2.6.1Solving Inequalities 2.6.2Graphs of Inequalities 2.6.3Exam-Style Questions - Inequalities 2.6.4End of Topic Test - Inequalities

Sequences, Functions & Graphs

3.1

Sequences

3.1.1Sequence Rules 3.1.2Finding Terms 3.1.3Exam-Style Questions - Sequences 3.1.4End of Topic Test - Sequences

3.2

Functions

3.2.1Functions 3.2.2Composite & Inverse 3.2.3End of Topic Test - Functions

3.3

Graphs

3.3.1Plotting Graphs 3.3.2Straight Line Graphs 3.3.3Properties of Graphs 3.3.4Quadratic Graphs 3.3.5Practical Graphs 3.3.6Graphs of Polynomials 3.3.7End of Topic Test Graphs

3.4

Common Graphs

3.4.1Graphs of Common Functions 3.4.2Transformations of Graphs 3.4.3End of Topic Test - Transformations and Graph

3.5

Calculus

3.5.1Derivatives of Functions 3.5.2Maxima & Minima

Geometry

4.1

Angles, Lines & Triangles

4.1.1Angles & Lines 4.1.2Angle Rules 4.1.3Angles in Triangles 4.1.4Exam-Style Questions - Angles

4.2

Polygons

4.2.1Polygons 4.2.2Quadrilaterals 4.2.3Congruence 4.2.4Scale Factor 4.2.5Exam-Style Questions - Enlargements 4.2.6End of Topic Test - Geometry

4.3

Symmetry

4.3.1Symmetry 4.3.2Exam-Style Questions - Reflection

4.4

Measures

4.4.1Measurements 4.4.2Time 4.4.3Bearings 4.4.4Speed

4.5

Circle Properties

4.5.1Properties of a Circle 4.5.2Circle Theorems 4.5.3Circle Theorems 2 4.5.4Circle Theorems 3 4.5.5Exam-Style Questions - Circle Theorems

4.6

Trigonometry & Pythagoras’ theorem

4.6.1Pythagoras' Theorem 4.6.2Trigonometry 4.6.3Sine & Cosine for Obtuse Angles 4.6.4Triangle Formulae 4.6.5Exam-Style Questions - Trigonometry & Area

4.7

Mensuration of 2D Shapes

4.7.1Standard Units 4.7.2Perimeter of 2D Shapes 4.7.3Area of 2D Shapes 4.7.4Area & Circumference of Circle 4.7.5End of Topic Test - Trigonometry & Shapes

4.8

3D Shapes & Volume

4.8.13D Shapes 4.8.2Surface Area 4.8.3Volume 4.8.4Exam-Style Questions - Volume

Vectors & Transformation Geometry

5.1

Vectors

5.1.1Vectors 5.1.2Vectors 2 5.1.3Exam-Style Questions - Vectors

5.2

Transformation Geometry

5.2.1Transformations 5.2.2Rotations 5.2.3Translations & Reflections 5.2.4Enlargements 5.2.5Effects of Transformations

Statistics & Probability

6.1

Statistical Measures

6.1.1Basic Statistics 6.1.2Frequency Table

6.2

Graphical Representation of Data

6.2.1Pictograms, Bar Charts & Pie Charts 6.2.2Histograms 6.2.3Cumulative Frequency 6.2.4Cumulative Frequency 2 6.2.5Exam-Style Questions - Cumulative Frequency 6.2.6End of Topic - Datasets

6.3

Probability

6.3.1Probability 6.3.2Theoretical Probability 6.3.3Experimental Probability 6.3.4Venn Diagrams 6.3.5Sample Space Diagrams 6.3.6Tree Diagrams 6.3.7Independent Events 6.3.8Conditional Probability 6.3.9End of Topic Test - Probability 6.3.10Exam-Style Questions - Probability

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