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Question

Assume someone had $100,000 in their retirement account on 3/3/2013. The five-year rate of 3.98% means that each year their initial balance will grow by 3.98%. To find out how much money they will have in their account five years later, we can fill in the following table: Five Year Rate: 3.98% Date Initial Principal Interest Ending Principal 3/31/2013 3/31/2014 3/31/2015 3/31/2016 3/31/2017 3/31/2018 Guided Practice Activity #3 - Parts of the Pop The most common interpretation of a percentage is as a part-to-whole ratio. Indeed, many people define percentages as part-to-whole ratios, which can cause much confusion when dealing with other uses of percentages. If we are given the ratio of boys to girls in a class is 2:3, then it can be easy to mistakenly say, "The boys are 66.7% of the class," or even worse, "66.7% of the girls are boys!" The correct statement uses the size of each part: "The number of boys is 66.7% of the number of girls." Boys (part) Girls (part) Students (whole) 2 3 5 66.7 100 40 60 100 We can add the parts to get the whole: 2 boys : 3 girls : 5 students. And then scaling the whole to 100, we get 40 boys, 60 girls, 100 students. So the boys are 40% of the class, not 66.7%. To summarize, we use each of the numbers in the first column in a sentence.

          Assume someone had $100,000 in their retirement account on 3/3/2013. The five-year rate of 3.98% means that each year their initial balance will grow by 3.98%. To find out how much money they will have in their account five years later, we can fill in the following table:

Five Year Rate: 3.98%
Date
Initial Principal
Interest
Ending Principal
3/31/2013
3/31/2014
3/31/2015
3/31/2016
3/31/2017
3/31/2018

Guided Practice Activity #3 - Parts of the Pop
The most common interpretation of a percentage is as a part-to-whole ratio. Indeed, many people define percentages as part-to-whole ratios, which can cause much confusion when dealing with other uses of percentages. If we are given the ratio of boys to girls in a class is 2:3, then it can be easy to mistakenly say, "The boys are 66.7% of the class," or even worse, "66.7% of the girls are boys!" The correct statement uses the size of each part: "The number of boys is 66.7% of the number of girls."

Boys (part)
Girls (part)
Students (whole)
2
3
5
66.7
100
40
60
100

We can add the parts to get the whole: 2 boys : 3 girls : 5 students. And then scaling the whole to 100, we get 40 boys, 60 girls, 100 students. So the boys are 40% of the class, not 66.7%. To summarize, we use each of the numbers in the first column in a sentence.

assume someone had s100000 in their retirement account on 3312013the five year rate of 398 means that each year their initial balance will grow by 398 to find out how much money they will ha 33572

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