I have a final in an hour, and I need to grasp the consept on how to convert a percent to a fraction and to a descimal.. Also I need to know how to figure out intrest rates for somple and complex loans... help!
1 over 2 is 1 devided by 2 so it .5 as a decimal now multiply by 100 to get 50%
for a percentage to a fraction devide by 100 to get a decimal first then depending on your anwer devide by some number
if it's a multipel of 3 try devideing by 3 if of 5 do it by 5. something like that.
then if you get an answer like 6 over 8 try to minimise it to 3/4th's by devideing both the top and bottom number by a common number in this case 2. decimal is alway the middle step to make things easyer.
I hope I didn't confuse you there. My math is good english sucks
now if you're teacher gives you an ungodly 7.357%, you're completely fucked...
from percent to decimal:
example: 7%
it appears as .07 think of it as money....7% is like 7 cents
now if you're teacher gives you an ungodly 7.357%, you're NOT completely fucked...
it's easy, .07357
from fraction to decimal: (i'm assuming you're not allowed to use a calculator in ur accounting class like students here in uc davis, so remember the easiest ones always, ie 33.3% 1/3)
example: anything over 100 is itself in a decimal...ie. 99/100
example 2: if you have something over 5 remember it's in increments of 20 percent, 1/3 is increments of 33.3 percent, over 4 is 25% increments, anything over ten i.e. 3/10 is 3*10%=30%
as for simple and complex loans....i'm not in accounting so, sorry....>_<" wish i could help.
that's what i get for answering the phone in the middle of a post....>_<" well, at least you got some help from fly. good luck on ur final. i'll be hit up with ap aka academic probation soon....fucking econ....whatever you do, do not take econ and chinese together....bleech....