{"id":271,"date":"2024-04-01T14:08:49","date_gmt":"2024-04-01T13:08:49","guid":{"rendered":"https:\/\/tutors4you.com\/?page_id=271"},"modified":"2024-04-01T14:08:50","modified_gmt":"2024-04-01T13:08:50","slug":"tutorial-on-percentage","status":"publish","type":"page","link":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/","title":{"rendered":"Tutorial on Percentage"},"content":{"rendered":"\n\n\t\t
\n\t\t\t\n\t\t\t

Percentage is another way of expressing\n fractions. <\/font><\/p>\n

In percentage we represent fractions with\n 100 as the denominator.<\/font><\/p>\n

For example 1\/2 = 50\/100. This in percentage\n is called 50%.<\/font><\/p>\n

1\/2 can be expressed as a decimal as 0.50.<\/font><\/p>\n

1\/2, 50% and 0.50 all mean the same. <\/font><\/p>\n

So to convert 0.50 in percentage we multiply\n the decimal by 100 and put a % sign.<\/font><\/p>\n

This is how we would convert any decimal\n into a percentage for example 0.75 x 100 = 75%.<\/font><\/p>\n

To convert a fraction to percentage we first\n convert the fraction into a decimal and then into\n percentage.<\/font><\/p>\n

For example 3\/4 = 0.75 = 75%.<\/font><\/p>\n

Interest and Discount
\n <\/u>Percentages are useful here as they are used for\n expressing rates of interest.<\/font><\/p>\n

The formula is <\/font><\/p>\n

Interest = Amount x Time x Rate<\/font><\/p>\n

For example if we want to find out how much\n interest will $1000 earn in 1yr at an annual interst rate\n of 6%.<\/font><\/p>\n

6% = 6\/100<\/font><\/p>\n

(6\/100)x 1000 = 60<\/font><\/p>\n

So the answer is $60<\/font><\/p>\n

Another example: How much interest will\n $1000 earn in 6 months at an annual rate of 6%.<\/font><\/p>\n

Here we use the formula <\/font><\/p>\n

Interest = Amount x Time x Rate<\/font><\/p>\n

6 months is 1\/2 of a year<\/font><\/p>\n

6 % is 6\/100 or 3\/50 <\/font><\/p>\n

Using our formula: Interest = $1000 x 1\/2 x\n 3\/50 = $30<\/font><\/p>\n

The annual rate is for 12 months<\/font><\/p>\n

We are looking at 6 months<\/font><\/p>\n

This type of interest calculation is called Simple\n Interest<\/strong><\/font><\/p>\n

For Discount the formula is:<\/font><\/p>\n

Discount = Cost x Rate of Discount<\/font><\/p>\n

For example what is discount if a car\n costing $5000 is discounted at 5%?<\/font><\/p>\n

5% is = 0.05<\/font><\/p>\n

Discount = 0.05 x $5000 = $250<\/font><\/p>\n

Another formula gives us the Rate of\n Discount<\/font><\/p>\n

Rate of Discount = (Cost – Price) \/ Cost<\/font><\/p>\n

What would be the discount if a car costing\n $6000 is sold for $5400<\/font><\/p>\n

Rate of Discount = (6000 – 5400)\/6000 =\n 600\/6000 = 10\/100 or 10%<\/font><\/p>\n\t\t<\/div>\n\t\n","protected":false},"excerpt":{"rendered":"

Percentage is another way of expressing fractions. In percentage we represent fractions with 100 as the denominator. For example 1\/2 = 50\/100. This in percentage is called 50%. 1\/2 can be expressed as a decimal as 0.50. 1\/2, 50% and 0.50 all mean the same. So to convert 0.50 in percentage we multiply the decimal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-271","page","type-page","status-publish","hentry"],"blocksy_meta":[],"yoast_head":"\nTutorial on Percentage - Tutors 4 You<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tutorial on Percentage - Tutors 4 You\" \/>\n<meta property=\"og:description\" content=\"Percentage is another way of expressing fractions. In percentage we represent fractions with 100 as the denominator. For example 1\/2 = 50\/100. This in percentage is called 50%. 1\/2 can be expressed as a decimal as 0.50. 1\/2, 50% and 0.50 all mean the same. So to convert 0.50 in percentage we multiply the decimal […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutors 4 You\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-01T13:08:50+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/\",\"url\":\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/\",\"name\":\"Tutorial on Percentage - Tutors 4 You\",\"isPartOf\":{\"@id\":\"https:\/\/tutors4you.com\/#website\"},\"datePublished\":\"2024-04-01T13:08:49+00:00\",\"dateModified\":\"2024-04-01T13:08:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tutors4you.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tutorial on Percentage\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tutors4you.com\/#website\",\"url\":\"https:\/\/tutors4you.com\/\",\"name\":\"Tutors 4 You\",\"description\":\"Helping you learn\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tutors4you.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tutorial on Percentage - Tutors 4 You","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/","og_locale":"en_US","og_type":"article","og_title":"Tutorial on Percentage - Tutors 4 You","og_description":"Percentage is another way of expressing fractions. In percentage we represent fractions with 100 as the denominator. For example 1\/2 = 50\/100. This in percentage is called 50%. 1\/2 can be expressed as a decimal as 0.50. 1\/2, 50% and 0.50 all mean the same. So to convert 0.50 in percentage we multiply the decimal […]","og_url":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/","og_site_name":"Tutors 4 You","article_modified_time":"2024-04-01T13:08:50+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/","url":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/","name":"Tutorial on Percentage - Tutors 4 You","isPartOf":{"@id":"https:\/\/tutors4you.com\/#website"},"datePublished":"2024-04-01T13:08:49+00:00","dateModified":"2024-04-01T13:08:50+00:00","breadcrumb":{"@id":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tutors4you.com\/index.php\/tutorial-on-percentage\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tutors4you.com\/"},{"@type":"ListItem","position":2,"name":"Tutorial on Percentage"}]},{"@type":"WebSite","@id":"https:\/\/tutors4you.com\/#website","url":"https:\/\/tutors4you.com\/","name":"Tutors 4 You","description":"Helping you learn","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tutors4you.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/pages\/271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/comments?post=271"}],"version-history":[{"count":1,"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/pages\/271\/revisions"}],"predecessor-version":[{"id":272,"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/pages\/271\/revisions\/272"}],"wp:attachment":[{"href":"https:\/\/tutors4you.com\/index.php\/wp-json\/wp\/v2\/media?parent=271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}