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Finanical Math
Finanical Math
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Topics to be Covered
Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Operations with Whole Numbers Fractions Decimals & Percentages Exponents or Powers Solving Algebraic Equations Solving Word Problems
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Unit 1
Operations with Whole Numbers
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Examples
Ex 1: 3-4+2=? -1 + 2 = 1 2+6x42=? 2+6x 2=? 2 + 12 = 14
Ex 2:
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Examples (contd)
Example 3: 2 x (3 + 5) 4 + 2 2x84+2 2x2+2 4+2=6 Example 4: 2 + (3 - (2 + 5) x 2) = ? 2 + (3 - 7 x 2) = 2 + (3 - 14) = 2 +(- 11) = -9
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Examples (contd)
Example 5: 42 - (3 - 23 x 4) = ? 42 - (3 - 8 x 4) = 42 - (3 - 32) = 42 - (-29) = 16 + 29 = 45
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Unit 2
Fractions
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Multiplication of Fractions
Multiply the numerator of the first fraction by the numerator of the second fraction Multiply the denominator of the first fraction by the denominator of the second fraction
Example: 3/5 x 1/4 Solution: Numerator 3 x 1 = 3 Denominator 5 x 4 = 20 therefore 3/20 is the solution
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Unit 3
Decimal Numbers & Percentages
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Decimal Numbers
They are a different way of representing an amount other than in fraction form They are a series of digits separated by a dot The digits to the left of the dot represent a whole number The digits to the right of the dot represent an amount that is less than one
Example: 25.55
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Percentages (%)
Is a method of expressing an amount in terms of a part of one hundred It is like a fraction that has 100 as the denominator (25/100 = 25%) 100% of an amount means the entire amount
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Unit 4
Exponents or Powers
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What is an Exponent?
It is when a number is multiplied by itself n times, if n is the exponent Given the expression 23:
The 2 is called the base The 3 is called the exponent The expression 23 is called a Power The 2 is multiplied by itself 3 times 2 x 2 x 2 The answer is 8
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Negative Exponents
Exponents (n) can be negative numbers It means that the number raised to the negative power (-n) is a denominator raised to the positive power (n) where one (1) is the numerator
Example: 2-4 = 1/24 = 1/(2x2x2x2) = 1/16
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Unit 5
Solving Algebraic Equations
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Examples
#1. 2n + 3n + 4n = 3 + 5 + 10 Solution: Step 1. Collect alike terms Step 2. Divide both sides by 9
9n = 18 n=2
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Examples
#2. 3n + 5 = 20 Solution: Step 1. Subtract 5 from both sides 3n = 15 Step 2. Divide both sides by 3 n=5
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Examples
#3. 2n + 4 = 3n - 2 Solution: Step 1. Subtract 2n from both sides 4=n-2 Step 2. Add 2 to each side 6 = n or n = 6
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Examples
# 4. 3(2n + 5) = n + 20 Solution: Step 1. Multiply the terms in the brackets by 3 6n + 15 = n + 20 Step 2. Subtract n from both sides 5n + 15 = 20 Step 3. Subtract 15 from both sides 5n = 5 Step 4. Divide both sides by 5 n=1
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Unit 6
Solving Word Problems
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Example #1
If the original price of a clock was $80 and then it went up by 20%, what was the new price of the clock? Solution: Let X = New Amount Original Amount = $80 Rate of Change = 20% or .20 X - 80 = .20 > X - 80 = 16 > X = 96 80 39
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Example #2
A stock price went up by 25% to $100. What was the price before it went up? Solution: Let X = Original Amount New Amount = 100 Rate of Change = 25% 100 - X = .25 > 100 - X = .25X X 100 = 1.25X > X = 80
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Example #3
The price of a shirt went from $50 to $40. What was the % change in price? Solution: Let X = rate of change in price New Amount = 40 Original Amount = 50 40 - 50 = X > - 10 = X 50 50 X = - .20 or - 20%
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