Introduction to Writing Percents Using Words, Ratios, and Fractions
Banks provide money for savings and charge money for loans. The interest on savings and loans is usually given as a percent.
When you deposit money in a savings account at a bank, it earns additional money. Figuring out how your money will grow involves understanding and applying concepts of percents. In this section, you'll find out what percents are and how we can use them to solve problems.
Learning Outcomes
By the end of this section, you will be able to:- Use the definition of percent
- Convert percents to fractions and decimals
- Convert decimals and fractions to percents
Examples
- Translate "the ratio of [latex]33[/latex] to [latex]\text{5"}[/latex] into an algebraic expression.If you missed this problem, review [link].
- Write [latex]\frac{3}{5}[/latex] as a decimal.If you missed this problem, review [link].
- Write [latex]0.62[/latex] as a fraction.If you missed this problem, review [link].
Licenses & Attributions
CC licensed content, Shared previously
- Interest rates. Authored by: Mike Mozart. Located at: https://www.flickr.com/photos/jeepersmedia/16373967348/. License: CC BY: Attribution.
CC licensed content, Specific attribution
- Prealgebra. Provided by: OpenStax License: CC BY: Attribution. License terms: Download for free at http://cnx.org/contents/[email protected].