Factors, interest, rate Flashcards

1
Q

A factor

A

A number that divides into your original number with no remainder

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2
Q

Prime number

A

A number that has only two factors and they are 1 and itself. 1 is not a prime number

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3
Q

Prime factorisation

A

Writing a number as the product of all its prime factors

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4
Q

HCF?

A

The HCF of two OR MORE numbers is the biggest number that can divide into all of the original numbers with no remainder

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5
Q

How to find HCF

A

Identify all of the prime factors which your original numbers have in common.

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6
Q

LCM?

A

The LCM of two or more numbers is the smallest number which can be divided by the original numbers.
The original numbers are factors of the LCM

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7
Q

How to find LCM

A

Include the smallest number of factors such that both original numbers have all their factors in the LCM.

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8
Q

Ratio

A

Compares two quantities of the same unit

You must do the same thing on both sides

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9
Q

Rate

A

The comparison of quantities of different units

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10
Q

Direct proportion

A

Two quantities increase / decrease in the same ratio

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11
Q

Indirect proportion

A

When one quantity increases but the other decreases in the same ratio

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12
Q

Interest

A

Is calculated as a percentage of the amount borrowed (principal amount)

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13
Q

SI formula

A

A = P( 1 + i x n )

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14
Q

Parts of the interest formula

A

A - Amount (end)
P - Principal (original)
I - Interest (fraction)
L - Long (Years)

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15
Q

Hire Purchase

A

You pay deposit (% of value upfront)
What you haven’t paid yet grows by simple interest
Pay it off in equal monthly installments

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16
Q

How to do Hire Purchase

A

Deposit
Simple interest of the remainder
Divide by number of months for monthly installments

17
Q

Compound Interest

A

Adds the previous years interest to the principal amount when calculating next years interest

18
Q

Formula for compound interest

A

A = P( 1 + i)n on top