Thursday, March 19, 2015

I Part (With My Money)

Calculating simple interest? Think of parting with your money. (Parting, in this case, is not always such sweet sorrow.)

The formula for calculating simple interest is...........

i = prt         (I part). 

I is the interest.
R stands for "rate". 

T stands for time period.

i = X X t

P stands for principal. This is a fancy term for the chunk of money you are talking about. (You borrow $2000.00 or you invest $3000.00. This is your principal. So...

If you are investing that $3000.00 over 2 years at 1% interest rate, you work it out like this... (Don't forget to convert your 1% to decimal form (0.01)

i = prt

i = 3000.00 x (0.01) x 2

i = $60.00

When you invest, you part with your money for 2 years and you are rewarded with $60.00.

If you are borrowing that $3000.00 over 2 years at 1% interest rate, you pay the bank $60.00 for lending you the money in the first place. You part with that $60.00 when you pay it to the bank.

Wednesday, March 18, 2015

3 Consecutive Numbers...

Look familiar? The sum of three consecutive numbers is 36. What are the numbers?

Method 1) 

Guess. It is unlikely to be 1, 2 and 3...

...or 34, 35, and 36. 


Best strategy is to start with half of 36, which is 18. 

So try adding 16, 17 and 18. This gives us 51. Too big. 

Try adding 14, 15 and 16. This adds up to 45. 

Getting closer...

Eventually you will arrive at 11, 12 and 13. 

Method 2)

Algebra saves the day...

The first number is "x". The second number must be "x + 1" because it is 1 more than the first number. The third number is "x + 2". Put these together and you can make an algebraic formula...

x + x + 1 + x+2 = 36
3x + 3 = 36
3x -3 = 36 -3
3x = 33
x = 11

Your three numbers are 11, 12 and 13.


IER - Solve For...

                 E
     I =       __
                 R

Look familiar? Solve for E? Solve for R? The answer is simple, if you think of a triangle...
                                  
                                      E

IR
(X)


Now, just cover up the letter you are asked to "solve for..." with your thumb and...presto...

1)     E = I x R
2)     R = E/I   (E divided by I)
3)     I =  E/R  (E divided by R)

Note: What throws a lot of people is that there is no numerical answer to this question. The answer isn't 4 or 2.6 or whatever. These questions look a lot harder than they really are.


Wednesday, March 11, 2015

Mirror Mirror - Polynomials

(x + 6)(x - 6)

The easy, quick answer is ...

      2
x   - 36





(x + 7)(x - 7)

The easy, quick answer is ...

       2
x   - 49




(x + 8)(x - 8)

The easy, quick answer is ...

      2
x   - 64


See a pattern? I call these "mirror" questions because the values inside the brackets are mirror images of each other. One sign is "positive" and the other is "negative." 

The quick and easy way to answer these questions is to put a square (2) behind the "x", 
                                                                   2
                                                           x  

put down a "negative sign ( - )"         2
                                                  x      -


and then multiply (or square) the two numbers in the brackets.    
                                            2
                     x      -    64


Done. Move on to the next question.

Note: You need to have mirror images. If you have (x + 8)(x + 8), you have a whole 'nuther question, which can't be solved using this short cut.

Look "Ma", no hands!

     3
----
     7


Changing a mixed number to an improper fraction?


Step One - Like every job, start at the bottom. (I think Rodney Dangerfield said that proctology is the only profession where you start at the bottom and stay there.) Start with the 7.


Step Two - Work Clockwise 


Step 3 - Remember to listen to Ma! M = Multiply, A = Add


Step 4 - Multiply 7 by 2 to get 14.


Step 5 - Add 14 to the 3. You now have 17.


Step 6 - Your denominator stays 7.


Your new improper fraction is...


  17
------
   7

Tuesday, March 10, 2015

I Can't Do Algebra! That "x" is a box.


"Algebra" scares people. When alphabets start invading our math pages, we panic. However...

we all did algebra in Grade 2. It just wasn't called algebra.


Grade One math looked like this..



The teacher told us to add the 2 numbers together and put the answer in the box.We did as we were told, because in Grade One, we generally did as we were told.


Grade Two, Day One math looked like this...

Pretty much the same as Grade One's work. 

The teacher told us to add the 2 numbers together and put the answer in the box.We did as we were told, because in Grade Two, we generally did as we were told. (How long would this last?)

Grade Two, Day Two math looked like this...


Everyone will say they wrote 3 in the top box and 1 in the bottom box. However, you probably wrote 7 in both boxes. Why? Because...  

The teacher told us to add the 2 numbers together and put the answer in the box.We did as we were told, because in Grade Two, we generally did as we were told. (How long would this last?) Our brains might have been telling us that our answers were illogical and wrong but we didn't want to go against the teacher. Over time we learned to put 3 and 1 in the boxes. So, if we could do that in Grade Two, then why can't we do...

The "y" and "x" are just boxes. 

If  2 + y = 5, then y = 3. 

If 3 + x = 4, then x = 1.

There - not so scary after all.