FINLAND ENTRANCE EXAM MATHEMATICS

LESSON 1: INTRODUCTION, CALCULATION, SEQUENCE

NUMBER, AGE PROBLEM
INTRODUCTION

CALCULATION

SEQUENCE NUMBER

AGE NUMBER - AGE IDENTIFY

LESSON 2: WORKING TOGETHER

ADDITION & SUBSTRACTION

MULTIPLICATION & DIVISION

SEQUENCE NUMBER

AGE PROBLEM

LESSON 3: FRACTIONS & PERCENTAGE PROBLEM

COMPARING FRACTION:

COMPARE FRACTIONS: WORD FRACTION.

Recently, Fayete Cinema sold out on 2/9 of the nights it was open. Jackson Theater sold
out on 1/3 of the nights it was open. Which movie theater sold out on greater percentage
of nights?

FRACTION PROBLEM:

Martha spent 4/9 of her allowance on food and shopping. What fraction of her allowance
had she left?

PERCENTAGE PROBLEM: the most common types of percentage problem are:

1. Finding a percent of a given number

 2. Finding what percent one number is of another.
3. Finding a number when a percent of it is given.
4. Other difficult questions.
5. Another common type of percentage problem is to find the percentage
change:

LESSON 4: SPECIAL TYPES:

SALES TAX

The original amount is subtracted from the total amount paid

Is determined by multiplying the sales tax rate to the price before tax
Example: Shan buys a sofa that costs 800. If the sales tax rate is 7%. What is the total
amount he must pay for the sofa?

DISCOUNT PROBLEM

Example: Ned got a 12% discount when he bought his new jacket. If the original price,
before the discount, was $50, how much was the discount?

SIMPLE INTEREST

Just as people pay for the use of items belonging to others, they pay for the use of money
belonging to someone else. The price paid for the use of money is called interest.

Interest = Principal x Rate x Time.

Example: Just as people pay for the use of items belonging to others, they pay for the use
of money belonging to someone else. The price paid for the use of money is called interest.

COMPOUND INTEREST

Compound interest is calculated on a principal that changes at the end of stated time period
when interest is added to it. The time period may be any interval during the year such as
annually, semiannually, quarterly, monthly, or daily.

The difference between the original principal and the amount it has become at the end of
any period of time is known as compound interest.

Example: John invested $500 at 6% compounded monthly. How much compound interest
did he earn during the four months?
LESSON 5: PERCENTAGE
PERCENTAGE CHANGE
Example: The price of some apples is increased from 48p to 67p. By how much
percent has the price increased by?

PERCENTAGE ERROR
Example: Nicola measures the length of her textbook as 20cm. If the length is
actually 17.6cm, what is the percentage error in Nicola's calculation?

ORIGINAL VALUE
Example: Amish buys a stamp collection and makes a 35% profit by selling it for
£2700. Find the cost of the collection. It is the original value we wish to find, so
the above formula is used.

PERCENTAGE INCREASES AND INTEREST

Example: £500 is put in a bank where there is 6% per annum interest. Work out the
amount in the bank after 1 year.

COMPOUND INTEREST
Example: If in this example, the money was left in the bank for another year, the
£530 would increase by 6%. The interest, therefore, will be higher than the previous
year (6% of £530 is more than 6% of £500). Every year, if the money is left sitting
in the bank account, the amount of interest paid would increase each year. This
phenomenon is known as compound interest.

PERCENTAGE DECREASES
Example: At the end of 2003 there were 5000 members of a certain rare breed of
animal remaining in the world. It is predicted that their number will decrease by
12% each year. How many will be left at the end of 2005?