A man bought a house for $25 350. After 5 years its value had increased by 33 1/2 %. Calculate its value after 5 years.
Answers (2)
Get a ruler in your hands. Measure things until you start to understand how a ruler works. Measure some stuff and figure out where the center is. Say you measure a book and it's 7/8" thick. You look at your ruler and see that every eighth is divided into two sixteenths, so obviously half of 7/8" is going to be 7/16". If you write that out you have 1/2 x 7/8 = 7/16. And you notice that 1/2 is divided into 2/4 and then into 4/8 and so on, so you can convert anything to anything by multiplying all the numbers on top and then all the numbers on bottom.
Other rulers are divided into 10 and 100 parts. But an inch is still an inch, so anything on one ruler can be translated to the other ruler. A half inch on one ruler is 5/10 or 50/100 on the other. An eighth inch is just 12.5 marks when you have 100 marks per inch. A metric ruler divides an inch into 25.4 parts, so a half inch would be 12.7 of those parts. Pretty simple, isn't it? Practice this a bit and people will think you went to wizard school.
Percent is simply a ruler with 100 marks. The only confusion is trying to keep track of what the marks represent, since that changes from time to time. You are given that 100 marks are worth $25,350 so each mark is worth $253.50. Then 33 1/2 marks are worth $8,492.25 and the new value is $25,350 + $8,492.25 = $33,842.25.
Thank you Jewels Vern. Your answer was very helpful.
Thank you for your answer Aquiline. I was helping someone with their Maths problem. I was getting the same exact answer. I am sure the answer that was given in the text book is wrong.