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EXERCISE 31
Derivatives chain rule
(BOOK: MATHEMATICS FOR BUSINESS & FINANCE
BY HAMID A.HAKEEM)
CHAIN RULE
BUSINESS MATHEMATICS - Derivatives chain rule
Basics Ratios, Proportions and
Percentages Examples
Ratio is the spoken language of arithmetic. It is how we relate quantities of the same kind. 15 people, for example, are more than 5 people. We can express that by saying how much more, that is, 10 more, or by saying how many times more: Three times more. When we say that 15 people are three times more than 5 people, three times is the name of their ratio.
Most important, we will see that percents are ratios. 6 people are half of 12 people, that is the ratio of 6 to 12. In the language of percent, we say that 6 people are 50% of 12 people. Why? Because 50 has that same ratio to 100. "Half."
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(Euclid, Book VII. Def. 20.)
Example 1. Multiple. What ratio has 15 to 5?
Answer. 15 is three times 5.
That is the ratio -- the relationship -- of 15 to 5. If Jill has $15, and Jack has $5, then Jill has three times more than Jack.
To answer "3 to 1" is not sufficient, because we want to name the ratio of 15 to 5 explicitly. It is true that 15 is to 5 as 3 is to 1 -- but what ratio has 3 to 1?
3 is three times 1.
(The 19th century program to rid mathematics of language and replace it with algebraic relations, successfully put to sleep the subject of ratio and proportion.)
Notice that we answer with a complete sentence beginning with the first number 15, and ending with the last number 5. For, a ratio is a relationship.
The two numbers in a ratio are called the terms; the first and the second.
When the first term is larger, we say it is so many times the smaller. 15 is three times 5.
What ratio has 28 to 7?
28 is four times 7.
Example 2. What ratio has 5 to 15?
Answer. 5 is the third part of 15.
That is called the inverse ratio of 15 to 5. The terms are exchanged.
Notice again that we answer with a complete sentence beginning with the first term and ending with the second. "5 is 15."
Example 3. What ratio has 10 to 15?
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Answer. 10 is two thirds of 15.
"Three times." "The third part." "Two thirds." Those are names of ratios. One number is a multiple of the other (so many times it), a part of it, or parts of it.
As we pointed out in the Lesson on parts, the names of ratios are prior to the names of the proper fractions.
Example 4. What ratio has 12 to 6?
Answer. 12 is two times 6. Or we could say, "12 is twice as much as 6," or "12 is double 6."
Those are the various ways of expressing the ratio, the relationship, of 12 to 6.
Inversely, 6 is half of 12.
When trying to express a ratio, if the student will say a sentence, and then consider the truth of that sentence, the fact will speak for itself.
Example 5. What ratio has 80 to 8? Inversely, what ratio has 8 to 80?
Answer. 80 is ten times 8. Therefore, inversely, 8 is that part of 80 with the ordinal form of ten: 8 is the tenth part of 80.
Example 6. What ratio has 800 to 8? Inversely, what ratio has 8 to 800?
Answer. 800 is one hundred times 8. Inversely, 8 is the hundredth part of 800.
Percents are ratios
A percent is another way of naming a ratio, because a percent expresses the relationship between two numbers. What ratio has 3 to 12? 3 is one quarter of 12. In the language of percent, 3 is 25% of 12. Why does 25% mean one quarter? Because 25% is one quarter of 100%. (Lesson 15.)
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Example 7. What does 200% mean?
Answer. Since 200% is two times 100%, then 200% means two times. 200% of 8 -- two times 8 -- is 16.
Example 8. How much is 300% of 8?
Answer. 24. 300% of 8 means three times 8 because 300% is three times 100%.
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100% is the whole, in this case, 8. 50% means half, because 50% is half of 100%. 50% of 8 is 4.
200% means two times; 300% means three times; 400% means four times; and so on.
Whatever ratio the percent has to 100%, that is the ratio we are naming.
We see that any number less than 8 will be less than 100% of 8. While any number more than 8 will be more than 100%.
We have, as it were, two languages: The language of ratio -- "Half," "Three quarters," "Twice as much" -- and the language of percent: 50%, 75%, 200%. The student must become fluent in both languages, and in translating from one to the other.
Example 9. Compare the following:
a) 10 has what ratio to 40? b) 10 is what percent of 40?
c) 7 has what ratio to 21? d) 7 is what percent of 21?
Answers. a) 10 is the fourth part of 40, or a quarter of 40, or a fourthof 40.
b) 10 is 25% of 40.
25% means a quarter, because 25% is a quarter of 100%.
See Lesson 16, Question 6.
Example 10. How much is 250% of 8?
Answer. 250% means two and a half times. It is 200% + 50%. 250% is a mixed number of times -- expressed as a percent.
250% of 8, therefore, is 16 + 4 = 20.
Example 12. Calculate mentally: 125% of $7.80.
Answer. 125% means one and a quarter times: 100% + 25%.
Now, to take a quarter of $7.80, we may think of it as
$8.00 minus 20 cents.
A quarter of $8.00 is $2.00.
A quarter of 20 cents is 5 cents.
Therefore,
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BUSINESS MATHEMATICS - Ratios proportions and percentages
Progression of sequence and series
(scroll down for class work solved questions)
Arithmetic Progression (A.P.) (or Arithmetic Sequence)
- nth term of an arithmetic progression
- Number of terms of an arithmetic progression
- Sum of first n terms in an arithmetic progression
- Arithmetic Mean
- If a, b, c are in AP, 2b = a + c
- To solve most of the problems related to A.P., the terms can be
conveiently taken as
3 terms : (a – d), a, (a +d)
4 terms : (a – 3d), (a – d), (a + d), (a +3d)
5 terms : (a – 2d), (a – d), a, (a + d), (a +2d) - Tn = Sn - Sn-1
- If each term of an A.P. is increased, decreased , multiplied or
divided by the same non-zero constant, the resulting sequence also
will be in A.P. - In an A.P., sum of terms equidistant from beginning and end will be constant
Harmonic Progression (H.P.) (or Harmonic Sequence)
Geometric Progression (G.P.) (or Geometric Sequence)
- nth term of a geometric progression (G.P.)
- Sum of first n terms in a geometric progression (G.P.)
- Sum of an infinite geometric progression (G.P.)
- Geometric Mean
- If a, b, c are in G.P., b2 = ac
- If a, b, c are in G.P.,
a−bb−c=ab - In a G.P., product of terms equidistant from beginning and end will be constant.
- To solve most of the problems related to G.P., the terms of the G.P. can be conveiently taken as
3 terms :ar , a, ar
5 terms :ar2 ,ar , a, ar, ar2 Relationship Between Arithmetic Mean, Harmonic Mean,
and Geometric Mean of Two Numbers
Some Interesting Properties to Note
- A > G > H
- A, G and H are in GP
Power Series : Important formulas
Arithmetic progression (AP) is a sequence of numbers in which each term after the first is obtained by adding a constant, d to the preceding term. The constant d is called common difference.
An arithmetic progression is given by a, (a + d), (a + 2d), (a + 3d), ...
where a = the first term , d = the common difference
where a = the first term , d = the common difference
Examples for Arithmetic Progressions
1, 3, 5, 7, ... is an arithmetic progression (AP) with a = 1 and d = 2
7, 13, 19, 25, ... is an arithmetic progression (AP) with a = 7 and d= 6
tn = a + (n – 1)d
where tn = nth term, a= the first term , d= common difference
where tn = nth term, a= the first term , d= common difference
Example 1 : Find 10th term in the series 1, 3, 5, 7, ...
a = 1
d = 3 – 1 = 2
10th term, t10 = a + (n-1)d = 1 + (10 – 1)2 = 1 + 18 = 19
Example 2 : Find 16th term in the series 7, 13, 19, 25, ...
a = 7
d = 13 – 7 = 6
16th term, t16 = a + (n-1)d = 7 + (16 – 1)6 = 7 + 90 = 97
where n = number of terms,
a= the first term ,
l = last term,
d= common difference
Example : Find the number of terms in the series 8, 12, 16, . . .72
a = 8
l = 72
d = 12 – 8 = 4
a = the first term,
d= common difference,
l=tn=nth term = a+(n−1)d
Example 1 : Find 4 + 7 + 10 + 13 + 16 + . . . up to 20 terms
a = 4
d = 7 – 4 = 3
Sum of first 20 terms, S20 =n2[ 2a+(n−1)d ]=202[ (2×4)+(20−1)3 ]
Example 2 : Find 6 + 9 + 12 + . . . + 30
a = 6
l = 30
d = 9 – 6 = 3
If a, b, c are in AP, b is the Arithmetic Mean (A.M.) between a and c.
In this case,b=12(a+c)
In this case,
The Arithmetic Mean (A.M.) between two numbers a and b = 12(a+b)
If a, a1, a2 ... an, b are in AP we can say that a1, a2 ... an
are the n Arithmetic Means between a and b.
are the n Arithmetic Means between a and b.
Examples for Harmonic Progressions
Three non-zero numbers a, b, c will be in HP, if 1a, 1b, 1c are in A.P.
If a, (a+d), (a+2d), . . . are in A.P., nthterm of the A.P. = a + (n - 1)d
Hence, if1a,1a+d,1a+2d,⋯ are in H.P., nthterm of the H.P. = 1a+(n−1)d
Hence, if
If a, b, c are in HP, b is the Harmonic Mean(H.M.) between a and c
In this case,b=2aca+c
In this case,
The Harmonic Mean (H.M.) between two numbers a and b = 2aba+b
If a, a1, a2 ... an, b are in H.P. we can say that a1, a2 ... an are the n Harmonic Means between a and b.
If a, b, c are in HP, 2b=1a+1c
A sequence of non-zero numbers is a Geometric Progression (G.P.) if the ratio of any term and its preceding term is always constant.
A Geometric Progression (G.P.) is given by a, ar, ar2, ar3, ...
where a = the first term , r = the common ratio
where a = the first term , r = the common ratio
Examples for Geometric Progressions
1, 3, 9, 27, ... is a geometric progression (G.P.) with a = 1 and r = 3
2, 4, 8, 16, ... is a geometric progression (G.P.) with a = 2 and r = 2
where tn = nth term, a= the first term , r = common ratio, n = number of terms
Example 1 : Find the 10th term in the series 2, 4, 8, 16, ...
a = 2, r = 42 = 2, n = 10
10th term, t10 = arn−1=2×210−1=2×29=2×512=1024
Example 2 : Find 5th term in the series 5, 15, 45, ...
a = 5, r = 155 = 3, n = 5
5th term, t5 = arn−1=5×35−1 = 5 × 34 = 5 × 81 = 405
where a= the first term , r = common ratio, n = number of terms
Example 1 : Find 4 + 12 + 36 + ... up to 6 terms
a = 4, r = 124 = 3, n = 6
Here r > 1. Hence, S6=a(rn−1)r−1=4(36−1)3−1=4(729−1)2=4×7282=2×728=1456
Example 2 : Find 1+12+14+ ... up to 5 terms
a = 1, r = (12)1=12, n = 5
Here r < 1. Hence, S6=a(1−rn)1−r=1[1−(12)5](1−12)=(1−132)(12)=(3132)(12)=3116=11516
where a= the first term , r = common ratio
Example : Find 1+12+14+18+ . . . ∞
a = 1, r = (12)1=12
Here 0 < r < 1. Hence, S∞=a1−r=1(1−12)=1(12)=2
If three non-zero numbers a, b, c are in G.P., b is the Geometric Mean (G.M.) between a and c.
In this case,b=ac−−√
In this case,
The Geometric Mean (G.M.) between two numbers a and b = ab−−√
(Note that if a and b are of opposite sign, their G.M. is not defined.)
(Note that if a and b are of opposite sign, their G.M. is not defined.)
If GM, AM and HM are the Geometic Mean, Arithmetic Mean and Harmonic Mean of two positive numbers respectively, then
GM2 = AM × HM
GM2 = AM × HM
Three numbers a, b and c are in AP if b=a+c2
Three non-zero numbers a, b and c are in HP ifb=2aca+c
Three non-zero numbers a, b and c are in HP ifa−bb−c=ac
Three non-zero numbers a, b and c are in HP if
Three non-zero numbers a, b and c are in HP if
Let A, G and H be the A.M., G.M. and H.M. between two distinct positive numbers. Then
If a series is both an A.P. and G.P., all terms of the series will be equal. In other words, it will be a constant sequence.
1+1+1+⋯ n terms=∑1=n 1+2+3+⋯+n=∑n=n(n+1)2 12+22+32+⋯+n2=∑n2=n(n+1)(2n+1)6 - 13+23+33+⋯+n3=∑n3=n2(n+1)24=[n(n+1)2]2
class work
BUSINESS MATHEMATICS - Sequence and series
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