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Percentages
infoWhy this? Simple interest, percentage change, and reverse percentages develop flexible multiplicative reasoning in financial and other real-world contexts. They help us distinguish original, changed, and final amounts and choose the correct base for comparison.
scheduleWhy now? Earlier percentage units established amounts, multipliers, and repeated changes. Year 9 now uses these foundations to work backwards, quantify change, and model simple interest before more complex growth and decay situations.
neurologyYou need to know
- A percentage means “out of 100”, so `p\% = \frac{p}{100}`.
- To find `p\%` of an amount `A`, calculate `\frac{p}{100}\times A`.
- Simple interest is interest calculated only on the original principal (the starting amount), not on previously earned interest.
- Simple interest each time period is constant and is found using `\text{interest per period} = \frac{r}{100}\times P`, where `P` is the principal and `r` is the percentage rate per period.
- Total simple interest after `t` periods is `I = P\times \frac{r}{100}\times t`.
- The final amount after simple interest is `A = P + I = P\left(1 + \frac{rt}{100}\right)`.
- Percentage change compares an amount to its original value using `\text{percentage change} = \frac{\text{new} - \text{original}}{\text{original}}\times 100\%`.
- If the new value is greater than the original, the percentage change is an increase; if it is smaller, the percentage change is a decrease.
- A multiplier converts a percentage change into a single step: increasing by `p\%` uses multiplier `1 + \frac{p}{100}`; decreasing by `p\%` uses multiplier `1 - \frac{p}{100}`.
- After a percentage change, `\text{new} = \text{original} \times \text{multiplier}`.
- Reverse percentages find the original amount when the final amount and the percentage change are known.
- For reverse percentages, `\text{original} = \frac{\text{new}}{\text{multiplier}}`.
- If an amount is “now 120% of the original”, the multiplier is `1.2`; if it is “now 80% of the original”, the multiplier is `0.8`.
- A common error in reverse percentages is subtracting the percentage from the final amount instead of dividing by the multiplier.
- A percentage increase and the same percentage decrease do not cancel out, because the change is applied to different starting values (for example, +20% then −20% does not return to the start).
rocket_launchYou must be able to
- Calculate simple interest over time by identifying `P`, `r`, and `t`, then using `I = P\times \frac{r}{100}\times t` and `A = P + I`, with correct units (years/months) matching the rate.
- Find `p\%` of an amount using a non-calculator method (e.g. `10\%`, `5\%`, and `1\%`) and/or a calculator method `\frac{p}{100}\times A`, and state the result clearly with a money symbol where appropriate.
- Calculate percentage change by subtracting to find the difference, dividing by the original, then multiplying by 100, and labelling the result as increase or decrease.
- Use a multiplier to apply a percentage increase or decrease in one step, showing the multiplier used (e.g. `\times 1.15` for `+15\%`, `\times 0.92` for `-8\%`).
- Solve reverse percentage problems by converting the situation into a multiplier, then dividing the final amount by that multiplier to find the original.
- Check reverse percentage answers by applying the percentage change forward to the calculated original and confirming it returns to the given final amount.
- Interpret multi-step percentage contexts by applying and combining multipliers; explain that the order of pure percentage multipliers does not affect the final value unless intermediate rounding or other contextual conditions apply.
Revision Quiz
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