Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Excursions in Modern Mathematics Peter Tannenbaum Chapter 10 The Mathematics of Money Slides prepared by Beth Kirby and Carl Lee University of Kentucky MA 111 Fall 2011 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans PLEASE BRING YOUR CALCULATORS AND BOOKS TO CLASS EVERY DAY Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans 10 1 Percentages Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 What does 25 mean Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 What does 25 mean Money 25 100 or 0 25 UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 What does 25 mean 25 100 or 0 25 What does 2 mean Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 What does 25 mean What does 2 mean Money 25 100 2 100 or 0 25 or 0 02 UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 25 100 What does 25 mean What does 2 mean 2 100 or 0 25 or 0 02 What does 325 mean Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 25 100 What does 25 mean What does 2 mean 2 100 What does 325 mean Money or 0 25 or 0 02 325 100 or 3 25 UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 25 100 What does 25 mean What does 2 mean 2 100 What does 325 mean or 0 25 or 0 02 325 100 or 3 25 What does 0 07 mean Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent Percent means per 100 So 32 percent or 32 means 32 per 100 or 32 out of 100 32 or 100 or 0 32 25 100 What does 25 mean What does 2 mean 2 100 What does 325 mean What does 0 07 mean Money or 0 25 or 0 02 325 100 or 3 25 0 07 100 or 0 0007 UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Decimals to Percents Example 10 1 from the text Express each score as a percent A quiz score of 19 25 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Decimals to Percents Example 10 1 from the text Express each score as a percent A quiz score of 19 25 19 76 0 76 100 76 25 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Decimals to Percents Example 10 1 from the text Express each score as a percent A quiz score of 19 25 19 76 0 76 100 76 25 A midterm score of 49 2 60 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Decimals to Percents Example 10 1 from the text Express each score as a percent A quiz score of 19 25 19 76 0 76 100 76 25 A midterm score of 49 2 60 82 49 2 0 82 100 82 60 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Decimals to Percents Example 10 1 from the text Express each score as a percent A quiz score of 19 25 19 76 0 76 100 76 25 A midterm score of 49 2 60 82 49 2 0 82 100 82 60 A final exam score of 124 8 150 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Decimals to Percents Example 10 1 from the text Express each score as a percent A quiz score of 19 25 19 76 0 76 100 76 25 A midterm score of 49 2 60 82 49 2 0 82 100 82 60 A final exam score of 124 8 150 124 8 0 832 83 2 83 2 150 100 Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent 32 of 545 is 174 4 means Money 32 100 545 174 4 UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent 32 of 545 is 174 4 means 32 It also means 100 174 4 545 Money 32 100 545 174 4 UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent 32 of 545 is 174 4 means 32 It also means 100 174 4 545 32 100 545 174 4 x of Y is Z means Money x 100 Y Z UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent 32 of 545 is 174 4 means 32 It also means 100 174 4 545 32 100 545 174 4 x of Y is Z means x 100 Y Z REMEMBER THIS The book may use different letters but that doesn t really matter Money UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent 32 of 545 is 174 4 means 32 It also means 100 174 4 545 32 100 545 174 4 x of Y is Z means x 100 Y Z REMEMBER THIS The book may use different letters but that doesn t really matter It also means Money x 100 Z Y UK Percentages Simple Interest Compound Interest Deferred Annuities Installment Loans Percent 32 of 545 is 174 4 means 32 It also means 100 174 4 545 32 100 545 174 4 x of Y is Z means x 100 Y Z REMEMBER THIS The book may use different letters but that doesn t really matter It also means x 100 Z Y In the above example 545 is the base for …
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