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Fractional percent. Lesson 29 of complete course in arithmetic

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ARITHMETIC
Table of Contents | Home | Introduction
PERCENT OF A NUMBER
Lesson 29 Section 2
Fractional percent

4. What does % mean?

Half of 1%. Half of the hundredth part.

Example 1. Distinguish the following:

a) Half of $600.

b) % of $600.

Answers.
a) Half of $600 is $300.
b) % of $600 means Half of 1% of $600.
1% of $600 is $6. 00.
(Lesson 4, Question 6.) Therefore,
% of $600 is $3. 00.
Example 2. How much is half, or 50%, of $824? How much is % of $824?
Answer. Half of $824 is $412. (Lesson 16.) % is $4.12.
Again, % means Half of 1%.
1% of $824 is $8.24.
% of $824 is $4.12.
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Fractional percent. Lesson 29 of complete course in arithmetic

Note that half of $824 and % of $824 have the same digits: 4, 1, 2. % is equal to 1% of
half
Example 3. How much is % of $800?
Answer. % means a quarter of 1%.
1% of $800 is $8.00 .
% of $800 is $2.00.
Example 4. Jacqueline deposited $2000 in the bank, where the interest is 3% annually. In one
year, how much interest will she earn?
Answer. We have to calculate 3% of $2000. We can get it from 1%:
1% of $2000 is $20.00.
Therefore, 3% is
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20 YouTube
= "ThreeFree
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20 + Half of 20"

(Lesson 27, Question 2)

= 60 + 10
= 70.
She will earn $70 in interest.
Example 5. Calculator problem. How much is 6% of $104.16?
Solution. The Amount is missing. Press
1 0 4 . 1 6 6 . 5 %
See:
6.7704
This is approximately, $6.77.
If your calculator does not have a percent key, then change 6.5% to a decimal (Lesson 4), and
press = . Press
1 0 4 . 1 6 . 0 6 5 =

Please "turn" the page and do some Problems.

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Fractional percent. Lesson 29 of complete course in arithmetic

or
Continue on to Section 3: To find the Base
Section 1 of this Lesson

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