RE Math Part 1

Percent problems contain what three elements?

• Percentage, Total, Part

• Percentage, Whole, Base

• Percentage, Part, Rate

• Percentage, Base, Total

Which of the following three are normally expressed as rates?

• Mortgage Transfers, Capitalization, Down Payment

• Rental Payments, Insurance Deductions, Transfer Premiums

• Property taxes, Insurance Premiums, Transfer taxes

If PART is unknown (a)  

If PART is known (a)  

• When you divide, always enter the (a)   into the calculator first.

• 0.10 means:

• 1%

• 10%

• 1/10

• 1/100

• 0.01 means:

• 1%

• 10%

• 1/10

• 1/100

• .001 means

• 1%

• .01%

• .1%

• 1/10,000

• 1/1000

• .0001 means:

• 1%

• .01%

• .1%

• 1/10,000

• 1/1000

How do you convert a fraction to a decimal fraction?

• By dividing the numerator by the denominator.

• By dividing the denominator by the numerator.

• By multiplying the numerator by the denominator.

• By multiplying the denominator by the numerator.