Fascinating Fact:
When interest rates rise by one percent, it sounds tiny, but on a house loan it can mean thousands, proof that small percentages can pack a punch.
In 11 Plus Maths, higher-level percentage questions involve real-life scenarios such as interest, profit, and multi-step calculations. These problems test reasoning, mental arithmetic, and understanding of how small changes can have big effects.
Key Terms
- Compound Interest: Interest calculated on both the original amount and any previously added interest.
- Percentage Point: The difference between two percentages, often used to describe financial or statistical changes.
- Proportional Change: A comparison showing how one value increases or decreases relative to another.
Parents can learn more in our guide on what subjects are tested in the 11 Plus.
Frequently Asked Questions (Click to see answers)
What is compound interest in simple terms?
Compound interest means earning or paying interest on both the original amount and any interest that has already been added. It grows faster than simple interest.
How do percentages apply to real life?
Percentages are used to calculate discounts, tax, tips, profits, and data comparisons, making them useful in business, banking, and everyday spending.
What is the difference between percentage and percentage points?
A percentage measures a proportion, while a percentage point shows the difference between two percentages, like 5% to 7% being a rise of two points.
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