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Percentage change, interest and growth or decay

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Notes de leçon

Percentage change

  • Percentage change = \frac{\text{change}}{\text{original}} \times 100. A price rising from £40 to £46 is \frac{6}{40} \times 100 = 15\% increase.
  • Use multipliers: increase by 15% → ×1.15; decrease by 20% → ×0.8. Multiplier = 1 ± (percentage as a decimal).

Reverse percentages

  • To find the original, divide by the multiplier. A coat is £68 after a 15% reduction: 68 \div 0.85 = £80.
  • Do not just add 15% to the new price.

Simple and compound interest

  • With unchanged principal P, fixed annual percentage rate R and time T in years, simple interest is PRT/100. £500 at 4% for 3 years earns £60.
  • For annual compound interest A = P(1 + r)ⁿ, r is the annual decimal rate and n is whole years. £500 × 1.04³ ≈ £562.43.

Same £500 principal and 4% annual rate

Same £500 principal and 4% annual rateYearSimple amount / £Compound amount / £0500.00500.001520.00520.002540.00540.803560.00562.43

Growth and decay

  • Exponential growth/decay uses the same multiplier idea: a population growing at 5% a year multiplies by 1.05 each year; depreciation of 12% a year multiplies by 0.88.
  • After n periods: final = original × multipliern.

Repeated percentage changes

  • Multiply the multipliers: +10% then −10% is 1.1 \times 0.9 = 0.99, an overall 1% decrease, not no change.

Diapos

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Questions d'entraînement

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  1. 1.What is the multiplier for a 10% increase?

    Easy
    • A0.1
    • B1.1
    • C0.9
    • D10
  2. 2.What is the multiplier for a 25% decrease?

    Easy
    • A0.25
    • B0.75
    • C1.25
    • D0.025
  3. 3.Increase £60 by 20%.

    Easy
    • A£72
    • B£80
    • C£12
    • D£48
  4. 4.A TV costs £400 and is reduced by 15% in a sale. What is the sale price?

    Easy
    • A£340
    • B£60
    • C£385
    • D£460
  5. 5.A price rises from £40 to £46. What is the percentage increase?

    Easy
    • A6%
    • B15%
    • C13%
    • D86%
  6. 6.A value falls from £250 to £200. What is the percentage decrease?

    Easy
    • A20%
    • B25%
    • C50%
    • D80%
  7. 7.£500 is invested at 4% simple interest for 3 years. How much interest is earned?

    Easy
    • A£60
    • B£62.43
    • C£20
    • D£120
  8. 8.A coat costs £68 after a 15% reduction. What was the original price?

    Medium
    • A£80
    • B£78.20
    • C£58
    • D£85

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