/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 8 In Exercises 1-10, express each ... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

In Exercises 1-10, express each fraction as a percent. \(\frac{3}{40}\)

Short Answer

Expert verified
The fraction \(\frac{3}{40}\) as a percent is 7.5%.

Step by step solution

01

Step 1

Start by recognizing that percent means per hundred. Hence, if the denominator were 100, the numerator would directly represent the percent value. In this case, the denominator is 40.
02

Step 2

In the given fraction \(\frac{3}{40}\), multiply both the numerator and denominator by 2.5 because \(40 \times 2.5 = 100\). It is important to perform the same operation in both the numerator and denominator to maintain the proportion or equality. You will get \(\frac{3 \times 2.5}{40 \times 2.5} = \frac{7.5}{100}\).
03

Step 3

Since 'percent' literally means 'out of 100', when a fraction's denominator is 100, the numerator directly represents the percentage. Hence, the fraction \(\frac{7.5}{100}\) is equivalent to 7.5%.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Fractions
Fractions are a way to represent parts of a whole. They consist of two numbers - the numerator, which is on top, and the denominator, which is on the bottom. The numerator indicates how many parts you have, while the denominator tells you into how many parts the whole is divided. For example, in the fraction \( \frac{3}{40} \), 3 is the numerator and 40 is the denominator. Fractions are useful for expressing quantities less than one, as well as comparing ratios or proportions. Understanding fractions is fundamental in mathematics, as they form the basis for more complex concepts, including decimals and percents. It’s crucial to note that fractions can be simplified or converted to other numerical forms, like decimals or percents, to make interpretation easier.
Percents
The term 'percent' comes from the Latin phrase 'per centum', meaning 'by the hundred'. Thus, percents are a way to express numbers as parts of 100. This can be especially helpful in comparing quantities, as percents provide a standardized way to understand proportions. When converting fractions to percents, we are simply expressing how many parts out of 100 the fraction represents. For instance, when we convert the fraction \( \frac{3}{40} \) into a percent, we want to find what that fraction would be if the denominator were 100. This way of representing numbers can be seen everywhere, from discounts in stores to data in statistics. Percentages make it easier for us to understand and visualize portions of a whole.
Mathematical Equivalence
The concept of mathematical equivalence is about expressing the same value in different forms. This is particularly important when converting fractions to percents. When we say that \( \frac{3}{40} \) is equivalent to 7.5%, we are essentially saying that both represent the same proportion of a whole.To demonstrate this mathematically, we transformed \( \frac{3}{40} \) by finding a multiplier that will convert 40 into 100, as percent means per hundred. We used 2.5 because \( 40 \times 2.5 = 100 \). By multiplying both the numerator and the denominator by this number, we maintain the original value of the fraction while achieving a denominator of 100. This gives us \( \frac{7.5}{100} \), which is the same as 7.5%.This process assures us that even though numbers can look different, they can mean the same thing. Equivalence ensures coherence in mathematics, allowing us to choose the most suitable form for various situations.
Step-by-Step Solution
In solving problems, a step-by-step approach is beneficial to understand each part of the process. Here’s how we convert \( \frac{3}{40} \) to a percent step-by-step:
  • **Step 1:** Understand that 'percent' means 'per hundred'. Our goal is to convert the fraction such that the denominator becomes 100.
  • **Step 2:** Determine how to convert the denominator, 40, to 100. We do this by multiplying by 2.5, since \( 40 \times 2.5 = 100 \). We then multiply both the numerator and the denominator by this number to maintain balance: \( \frac{3 \times 2.5}{40 \times 2.5} \).
  • **Step 3:** Simplify the fraction to get \( \frac{7.5}{100} \). Since the fraction is now 'per hundred', the numerator, 7.5, directly gives the percent, which is 7.5%.
Using these detailed steps helps to break down the conversion process into manageable parts. This reinforces understanding and helps in applying similar techniques to other fractions when converting them to percents.

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

How much should you deposit at the end of each month into an IRA that pays \(6.5 \%\) compounded monthly to have \(\$ 2\) million when you retire in 45 years? How much of the \(\$ 2\) million comes from interest?

You would like to have \(\$ 4000\) in four years for a special vacation following college graduation by making deposits at the end of every six months in an annuity that pays \(7 \%\) compounded semiannually. a. How much should you deposit at the end of every six months? b. How much of the \(\$ 4000\) comes from deposits and how much comes from interest?

Exercises 19 and 20 refer to the stock tables for Goodyear (the tire company) and Dow Chemical given below. In each exercise, use the stock table to answer the following questions. Where necessary, round dollar amounts to the nearest cent. a. What were the high and low prices for a share for the past 52 weeks? b. If you owned 700 shares of this stock last year, what dividend did you receive? c. What is the annual return for the dividends alone? How does this compare to a bank offering a \(3 \%\) interest rate? d. How many shares of this company's stock were traded yesterday? e. What were the high and low prices for a share yesterday? f. What was the price at which a share last traded when the stock exchange closed yesterday? g. What was the change in price for a share of stock from the market close two days ago to yesterday's market close? h. Compute the company's annual earnings per share using Annual earnings per share $$ \begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \text { 52-Week High } & \text { 52-Week Low } & \text { Stock } & \text { SYM } & \text { Div } & \text { Yld \% } & \text { PE } & \text { Vol 100s } & \text { Hi } & \text { Lo } & \text { Close } & \text { Net Chg } \\ \hline 73.25 & 45.44 & \text { Goodyear } & \text { GT } & 1.20 & 2.2 & 17 & 5915 & 56.38 & 54.38 & 55.50 & +1.25 \\ \hline \end{array} $$

Make Sense? In Exercises 47-53, determine whether each statement makes sense or does not make sense, and explain your reasoning. By putting \(\$ 10\) at the end of each month into an annuity that pays \(3.5 \%\) compounded monthly, I'll be able to retire comfortably in just 30 years.

Here are additional formulas that you will use to solve some of the remaining exercises. Be sure you understand what each formula describes and the meaning of the variables in the formulas. Here are two ways of investing 30,000 for 20 years $$ \begin{array}{|l|l|l|} \hline \text { Lump-Sum Deposit } & \text { Rate } & \text { Time } \\ \hline \$ 30,000 & \begin{array}{l} 5 \% \text { compounded } \\ \text { annually } \end{array} & 20 \text { years } \\ \hline \text { Periodic Deposit } & \text { Rate } & \text { Time } \\ \hline \begin{array}{l} \text { \$1500 at the end of } \\ \text { each year } \end{array} & \begin{array}{l} 5 \% \text { compounded } \\ \text { annually } \end{array} & \text { 20 years } \\ \hline \end{array} $$ a. After 20 years, how much more will you have from the lump-sum investment than from the annuity? b. After 20 years, how much more interest will have been earned from the lump- sum investment than from the annuity?

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.