Chapter Overview: Comparing Quantities
This chapter introduces students to the concept of comparing quantities using ratios, percentages, and simple interest. It helps in understanding real-life applications of these mathematical concepts.
Key Concepts
Ratio: A ratio compares two quantities of the same unit by division. It is expressed in the simplest form.
Percentage: A percentage represents a part per hundred. It is denoted by the symbol '%'.
Simple Interest: Simple interest is calculated on the principal amount for a given time period at a fixed rate.
Ratio and Proportion
Ratios are used to compare quantities. Two ratios are said to be in proportion if they are equal.
Example: If the ratio of boys to girls in a class is 3:2, and there are 15 boys, the number of girls can be found using proportion.
Percentage
Percentage is a way to express a number as a fraction of 100. It is useful for comparing quantities.
Example: If a student scores 45 out of 50, the percentage is calculated as (45/50) × 100 = 90%.
Profit and Loss
Profit occurs when the selling price is higher than the cost price, while loss occurs when the selling price is lower.
Example: If an item is bought for ₹200 and sold for ₹250, the profit is ₹50.
Simple Interest
Simple interest is calculated using the formula: SI = (P × R × T)/100, where P is principal, R is rate, and T is time.
Example: For a principal of ₹1000 at 5% per annum for 2 years, the simple interest is ₹100.
Applications in Real Life
These concepts are widely used in everyday situations like shopping, banking, and data interpretation.