Introduces terminology associated with Fractions, decimals, and percentages.
Explains the methods to convert Fractions, decimals, and percentages.
1.1 Introduction
You may frequently have seen discounts written as 50% off or rate but never as 0.5 times the original rate in malls and stores. Also, when we convert currency, the exchange rates never show us as a decimal or a percentage.
These presentations are mathematically equivalent and are different ways of saying the same results.
The percentage considered is out of 100. A fraction is considered a number less than a whole. A Decimal is a number where the ‘whole’ part of a number and the ‘fractional’ part is separated by a decimal point.
1.2 Fractions
1.2.1 Definition of Fractions
A fraction is simply a value that represents part of a whole. The critical point that one must understand is that when we speak about a fraction, we generally refer to some whole thing. Whenever we divide a whole into two parts, both must be equal. We will always speak of some whole amount divided into a specified number of equally sized pieces. In short, we can think briefly about a fraction as given below.
Notation for a fraction is the slash (/) written between the two numbers. Another ...
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rate but never as 0.5 times the original rate in malls and stores. Also, when we convert currency, the exchange rates never show us as a decimal or a percentage.