Rates
A rate is a ratio of related qualities that have different units. For example,
speed is a rate that relates the two quantities of distance and time. Here is
the general rate formula:
quantity A ( in
x units ) × rates (in
y/
x units) = quantity B ( in
y units)
No matter the specifics, the key to a rate problem is correctly placing the
given information in the three categories. Then, you can substitute the values
into the rate formula. We’ll look at the three most common types of rate: speed,
work, and price.
Speed
In the case of speed, time is quantity a and distance is quantity b.
For example, if you traveled for 4 hours at 25 miles per hour, then:
4 hours × 25 miles/hours = 100 miles
Note that the hour units canceled out, since the hour in the rate is at the
bottom of the fraction. But you can be sure that the Math IC test won’t simply
give you one of the quantities and the rate and ask you to plug it into the rate
formula. Because rate questions are in the form of word problems, the
information that you’ll need to solve the problem will often be given in a less
straightforward manner.
Here’s an example:
Jim rollerblades 6 miles per hour. One morning, Jim starts rollerblading and
doesn’t stop until he has gone 60 miles. How many hours did he rollerblade?
This question provides more information than simply the speed and one of the
quantities. We know unnecessary facts such as how Jim is traveling (by
rollerblades) and when he started (in the morning). Ignore them and focus on the
facts you need to solve the problem.
- Time a: x hours rollerblading
- Rate: 6 miles per hour
- Quantity b: 60 miles
So, we can write:
x hours for rollerblading = 60 miles ÷ 6 miles per hour = 10 hours
Jim was rollerblading for 10 hours. This problem requires a little analysis, but
basically we plugged some numbers into the rate equation and got our answer.
Here’s a slightly more difficult rate problem:
At a cycling race, there are 50 cyclists in all, each representing a state. The
cyclist from California can cumulatively cycle 528,000 feet per hour. If the
race is 480 miles long, how long will it take him to finish the race?
Immediately, you should pick out the given rate of 528,000 feet per hour and
notice that 480 miles are traveled. You should also notice that the question
presents a units problem: the given rate is in feet cycled per hour, and the
distance traveled is in miles.
Sometimes a question will give you inconsistent units, like in this example.
Always read over the problem carefully and don’t forget to adjust the units—the
answer choices are bound to include non-adjusted options, just to throw you off.
For this question, since we know there are 5,280 feet in a mile, we can find the
rate for miles per hour:
528,000feet per hours ÷ 5280 miles per hour = 100 miles per hour
We can now plug the information into the rate formula:
- Time: x hours cycling
- Rate: 100 miles per hour
- Distance: 480 miles
480 miles ÷ 100 miles per hour = 4.8 hours
So it takes the cyclist 4.8 hours to finish the race.
Work
In work questions, you will usually find the first quantity measured in time,
the second quantity measured in work done, and the rate measured in work done
per time. For example, if you knitted for 8 hours and produced two sweaters per
hour, then:
Here is a sample work problem. It is one of the harder rate questions you might
come across on the Math IC:
Four men can dig a 40 foot well in 4 days. How long would it take for 8 men to
dig a 60 foot well? Assume that these 8 men work at the same pace as the 4 men.
First, let’s examine what that problem says: 4 men can dig a 40 foot well in 4
days. We are given a quantity of work of 40 feet and a time of 4 days. We need
to create our own rate, using whichever units might be most convenient, to carry
over to the 8-men problem. The group of 4 men dig 40 feet in 3 days. Dividing 40
feet by 4 days, you find that the group of 4 digs at a pace of 10 feet per day.
From the question, we know that 8 men dig a 60 foot well. The work done by the 8
men is 60 feet, and they work at a rate of 10 feet per day per 4 men. Can we use
this information to answer the question? Yes. The rate of 10 feet per day per 4
men converts to 20 feet per day per 8 men, which is the size of the new crew.
Now we use the rate formula:
- Time: x days of work
- Rate: 20 feet per day per eight men
- Total Quantity: 60 feet
60 feet ÷ 20 feet per dayb per 8 man =3 days of work for 8 man
This last problem required a little bit of creativity—but nothing you can’t
handle. Just remember the classic rate formula and use it wisely.
Price
In rate questions dealing with price, you will usually find the first quantity
measured in numbers of items, the second measured in price, and the rate in
price per item. Let’s say you had 8 basketballs, and you knew that each
basketball cost $25 each:
Percent Change
In percent-change questions, you will need to determine how a percent increase
or decrease affects the values given in the question. Sometimes you will be
given the percent change, and you will have to find either the original value or
new value. Other times, you will be given one of the values and be asked to find
the percent change. Take a look at this sample problem:
A professional golfer usually has an average score of 72, but he recently went
through a major slump. His new average is 20 percent worse (higher) than it used
to be. What is his new average?
This is a percent-change question in which you need to find how the original
value is affected by a percent increase. First, to answer this question, you
should multiply 72 by .20 to see what the change in score was:
72 × .20 = 14.4
Once you know the score change, then you should add it to his original average,
since his new average is higher than it used to be:
72 + 14.4 = 86.4
It is also possible to solve this problem by multiplying the golfer’s original
score by 1.2. Since you know that the golfer’s score went up by twenty percent
over his original score, you know that his new score is 120% higher than his old
score. If you see this immediately, you can skip a step and multiply 72 × 1.2 = 86.4.
Here’s another example of a percent-change problem:
A shirt whose original price was 20 dollars has now been put on sale for 14
dollars. By what percentage did its price drop?
In this case, you have the original price and the sale price and need to
determine the percent decrease. All you need to do is divide the amount by which
the quantity changed by the original quantity. In this case, the shirt’s price
was reduced by 20 – 14 = 6 dollars. So, 6 ÷ 20 = .3, a 30% drop in the price of the shirt.
Double Percent Change
A slightly trickier version of the percent-change question asks you to determine
the cumulative effect of two percent changes in the same problem. For example:
A bike has an original price of 300 dollars. Its price is reduced by 30%. Then,
two weeks later, its price is reduced by an additional 20%. What is the final
sale price of the bike?
One might be tempted to say that the bike’s price is discounted 30% + 20% = 50%
from its original price, but the key to solving double percent-change questions
is to realize that each percentage change is dependent on the last. For example,
in the problem we just looked at, the second percent decrease is 20 percent of a
new, lower price—not the original amount. Let’s work through the problem
carefully and see. After the first sale, the price of the bike drops 30 percent:
300 -( 30 % of 300 )= 300 - .3 (300) = 300 -90 = 210 dollars
The second reduction in price knocks off an additional 20 percent of the sale
price, not the original price:
210 -( 20 % of 210 )= 210 - .2 (210) = 210 -42 = 168 dollars
The trickiest of the tricky percentage problems go a little something like this:
A computer has a price of 1400 dollars. Its price is raised 20%, and then
lowered 20%. What is the final selling price of the computer?
If this question sounds too simple to be true; it probably is. The final price
is not the same as the original. Why? Because after the price was increased by
20 percent, the reduction in price was a reduction of 20 percent of a new,
higher price. Therefore, the final price will be lower than the original. Watch
and learn:
1400 + ( 20% of 1400)= 1400 + .2 (1400) = 1400 + 280 =1680 dollars
Now, after the price is reduced by 20%:
1680 - (20% of of 1680) = 1680 - .2 (1680) = 1680 - 336 = 1344 dollars
Double percent problems can be more complicated than they appear. But solve it
step by step, and you’ll do fine.
Exponential Growth and Decay
These types of word problems take the concept of percent change even further. In
questions involving populations growing in size or the diminishing price of a
car over time, you need to perform percent-change operations repeatedly. Solving
these problems would be time-consuming without exponents. Here’s an example:
If a population of 100 grows by 5% per year, how great will the population be in
50 years?
To answer this question, you might start by calculating the population after one
year:
100 + 0.05 × 100 = 5 + 100 = 105
Or use the faster method we discussed in percent increase:
1.o5 × 100 = 105
After the second year, the population will have grown to:
100 × 1.o5 × 1.o5 = 100 × 1.o5
2 = 110.25
And so on and so on for 48 more years. You may already see the shortcut you can
use to avoid having to do, in this case, 50 separate calculations. The final
answer is simply:
100 × 1.o5
50 = 1146.74 ˜ 1147
In general, quantities like the one described in this problem are said to be
growing exponentially. The formula for calculating how much an exponential
quantity will grow in a specific number of years is:
Exponential decay is mathematically equivalent to negative exponential growth.
But instead of a quantity growing at a constant percentage, the quantity shrinks
at a constant percentage. Exponential decay is a repeated percent decrease. That
is why the formulas that model these two situations are so similar. To calculate
exponential decay:
final amount = origional amount × 1 - decay rate
(number of charges)
The only difference between the two equations is that the base of the exponent
is less than 1, because during each unit of time the original amount is reduced
by a fixed percentage. Exponential decay is often used to model population
decreases, as well as the decay of physical mass.
Let’s work through a few example problems to get a feel for both exponential
growth and decay problems.
Simple Exponential Growth Problems
A population of bacteria grows by 35% every hour. If the population begins with
100 specimens, how many are there after 6 hours?
The question, with its growing population of bacteria, makes it quite clear that
this is an exponential growth problem. To solve the problem, you just need to
plug the appropriate values into the formula for a repeated percent increase.
The rate is .035, the original amount is 100, and the time is 6 hours:
100 × 1.35
6˜ 605 spceeimens
Simple Exponential Decay Problem
A fully inflated beach ball loses 6% of its air every day. If the beach ball
originally contains 4000 cubic centimeters of air, how many cubic centimeters
does it hold after 10 days?
Since the beach ball loses air, we know this is an exponential decay problem.
The decay rate is .06, the original amount is 4000 cubic centimeters of air, and
the time is 10. Plugging the information into the formula:
4000 × (.94)
10˜ 2154 cubic centimeters
More Complicated Exponential Growth Problem
A bank offers a 4.7% interest rate on all savings accounts, compounded monthly.
If 1000 dollars is initially put into a savings account, how much money will the
account hold two years later?
This problem is a bit tricky for the simple reason that the interest on the
account is compounded monthly. This means that in the 2 years that question
refers to, there will be 2 × 12 = 24 compoundings of interest. The time variable in the equation is affected
by these monthly compoundings: it will be 24 instead of 2. Thus, our answer is:
1000 × 1.047
24 ˜ 3011.07 dollars
Here’s another compounding problem:
Sam puts 2000 dollars into a savings account that pays 5% interest compounded
annually. Chris puts 2500 dollars into a different savings account that pays 4%
annually. After 15 years, whose account will have more money in it, if no more
money is added or subtracted from the principal?
Sam’s account will have $2000 × 1.0515 ˜ $4157.85 in it after 15 years. Chris’s account will have
$2500 × 1.0415 ˜ $4502.36 in it. So, Chris’s account will still have more
money in it after 15 years. Notice, however, that Sam’s account is
gaining on Chris’s account.
Next to display next topic in the chapter.
Mathematics Practice Questions
Video Lessons and 10 Fully Explained Grand Tests
Large number of solved practice MCQ with explanations. Video Lessons and 10 Fully explained Grand/Full Tests.