PAss Functional Skills

Percentages and interest

Percentages and interest for GCSE Statistics OCR Higher: what it means, how to set the working out, and the questions it is asked in.
  • GCSE
  • OCR
  • Statistics
  • Higher
  • Spec G18 · G2
  • 13 min read
  • 9 revision boxes

Introduction

2 boxes
4 min read

What is percentages and interest?

Listen to this box

Transcript

A short spoken summary of percentages and interest and where it is used.

A spoken walk-through of percentages and interest before you read the notes.
Sketch the shape even when the question does not ask for one — it makes the next step obvious.
3 rows

The percentages and interest reference table

Practise the routine version until it is automatic, then move to the multi-step questions.
Worth knowing: x2+5x+6=0x^2 + 5x + 6 = 0.
Term
Meaning
Example
Common slip
Marks
Row 1 column 1
Row 1 column 2
≈160\approx 160
Row 1 column 4
Row 1 column 5
Row 2 column 1
Row 2 column 2
a2+b2=c2a^2 + b^2 = c^2
Row 2 column 4
Row 2 column 5
Row 3 column 1
Row 3 column 2
34×25\frac{3}{4} \times \frac{2}{5}
Row 3 column 4
Row 3 column 5

Learning

5 boxes
4 steps

How to work with percentages and interest

The examiner marks the working, so a correct answer with no method still drops marks.
Worth knowing: ≈160\approx 160.
  1. Read the question and write down what is being asked for.
  2. Set out the working for percentages and interest in the order the method gives.
  3. Substitute the values and simplify.
  4. Check the answer against an estimate before writing it down.
Start from the definition and substitute the numbers the question gives you.
Simplify one line at a time: ≈160\approx 160.
Answer: a2+b2=c2a^2 + b^2 = c^2
2 rules

Key facts: Percentages and interest

This idea appears again in the higher-mark questions, so it is worth over-learning.
The layout below is the one the mark scheme expects.

Diagram showing percentages and interest laid out step by step

The same idea drawn out, so the method is visible.

  • Rule 1

    How percentages and interest behaves in the 1st of the cases the specification names.
    49=7\sqrt{49} = 7

  • Rule 2

    How percentages and interest behaves in the 2nd of the cases the specification names.
    ×10\times 10 moves every digit one column left
3 steps

How to work with percentages and interest

Sketch the shape even when the question does not ask for one — it makes the next step obvious.
  1. Read the question and write down what is being asked for.
  2. Set out the working for percentages and interest in the order the method gives.
  3. Substitute the values and simplify.
  4. Check the answer against an estimate before writing it down.
Start from the definition and substitute the numbers the question gives you.
Simplify one line at a time: 49=7\sqrt{49} = 7.
Answer: 49=7\sqrt{49} = 7
3 rules

Key facts: Percentages and interest

Practise the routine version until it is automatic, then move to the multi-step questions.

  • Rule 1

    How percentages and interest behaves in the 1st of the cases the specification names.
    x2+5x+6=0x^2 + 5x + 6 = 0

  • Rule 2

    How percentages and interest behaves in the 2nd of the cases the specification names.
    a2+b2=c2a^2 + b^2 = c^2
5 steps

How to work with percentages and interest

The examiner marks the working, so a correct answer with no method still drops marks.
The layout below is the one the mark scheme expects.

Diagram showing percentages and interest laid out step by step

The same idea drawn out, so the method is visible.
  1. Read the question and write down what is being asked for.
  2. Set out the working for percentages and interest in the order the method gives.
  3. Substitute the values and simplify.
  4. Check the answer against an estimate before writing it down.
Start from the definition and substitute the numbers the question gives you.
Simplify one line at a time: a2+b2=c2a^2 + b^2 = c^2.
Answer: ≈160\approx 160

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Examples

2 boxes
1 marks · worked

Worked example: percentages and interest

Practise the routine version until it is automatic, then move to the multi-step questions.
4 marks · worked

Practice question 9: 34×25\frac{3}{4} \times \frac{2}{5}

The specification wording is precise here, and the mark scheme follows that wording exactly.
The layout below is the one the mark scheme expects.

Diagram showing percentages and interest laid out step by step

The same idea drawn out, so the method is visible.
Worth knowing: ×10\times 10 moves every digit one column left.

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Common questions

How many marks is percentages and interest usually worth?
Between one and four, depending on how many steps the question asks for.
Is this on the GCSE Statistics OCR Higher paper?
Yes — it sits in the Probability strand.