BSMATH: Concepts of Fraction, Decimal, & Percent (AI generated)

What is the numerator in a fraction?

• The decimal value

• The number above the line

• The whole number

• The number below the line

What is a decimal representation of a fraction whose denominator is a multiple of 10?

• 0.1

• 0.25

• 0.75

• 0.5

What does percent mean?

• Per thousand

• Per hundred

• Per million

• Per ten

What is the main focus of Business Mathematics?

• Algebraic equations

• Geometry problems

• Trigonometric functions

• Profit, loss, and interest

What is the selling price of a product?

• The reduced amount

• The original price

• The market price

• The interest amount

What is the formula for simple interest?

• P = F(1-dt)

• I = PRT

• F = P(1+rt)

• D = Fdt

What is the approximate time from July 12 to September 12?

• 60 days

• 64 days

• 58 days

• 62 days

What is the interest rate per day based on 365 days per year?

• Exact time/360 days

• Interest rate per year/365

• Approximate time/365 days

• Interest rate per year/360

What does accumulation refer to?

• Maturity value

• Value of money after it earns interest over time

• Value of money before it earns interest

• Discounted value

What is the formula for simple discount?

• P = F(1-dt)

• F = P(1+rt)

• D = Fdt

• I = PRT