Home MATHEMATICS TOPIC 9: RATIO, PROFIT AND LOSS ~ MATHEMATICS FORM 1

TOPIC 9: RATIO, PROFIT AND LOSS ~ MATHEMATICS FORM 1

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Geometry Points and Lines

RATIO, PROFIT AND LOSS

Ratio
A ratio – is a way of comparing quantities measured in the same units

Examples of ratios

A class has 45 girls and 40 boys. The ratio of number of boys to the number of girls = 40: 45

A football ground 100 π‘š long and 50 π‘š wide. The ratio of length to the width = 100: 50

NOTE:Β Ratios can be simplified like fractions
  1. 40: 45 = 8: 9
  2. 100: 50 = 2: 1

A Ratio in its Simplest Form

Express a ratio in its simplest form

Example 1

Simplify the following ratios, giving answers as whole numbers

Solution
RATIOΒ  PROFIT AND LOSS

A Given Quantity into Proportional Parts

Divide a given quantity into proportional parts

Example 2

Express the following ratios in the form of

To increase or decrease a certain quantity in a given ratio, multiply the quantity with that ratio

Example 3

  1. Increase 6 π‘š in the ratio 4 ∢ 3
  2. Decrease 800 /βˆ’ in the ratio 4 ∢ 5

Solution

Simple Interest
Calculate simple interest
The amount of money charged when a person borrows money e. g from a bank is called interest (I)
The amount of money borrowed is called principle (P)

To calculate interest, we use interest rate (R) given as a percentage and is usually taken per year or per annum (p.a)

Example 6

Calculate the simple interest charged on the following

850, 000/βˆ’ at 15% per annum for 9 months

200, 000/βˆ’ at 8% per annum for 2 years

Solution

Real Life Problems Related to Simple Interest

Solve real life problems related to simple interest

Example 7

Mrs.
Mihambo deposited money in CRDB bank for 3 years and 4 months. A t the
end of this time she earned a simple interest of 87, 750/βˆ’ at 4.5% per
annum. How much had she deposited in the bank?

Solution

Given I = 87, 750/βˆ’ R = 4.5% % T = 3 years and 4 months

Change months to years

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