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Last year, Katie earned £16200 - OCR - GCSE Maths - Question 16 - 2017 - Paper 1

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Last year, Katie earned £16200. Her total loan repayments were £6400. Katie estimates that the ratio of her loan repayments to her earnings is approximately 3 : 8. ... show full transcript

Worked Solution & Example Answer:Last year, Katie earned £16200 - OCR - GCSE Maths - Question 16 - 2017 - Paper 1

Step 1

Calculate the actual ratio of loan repayments to earnings

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Answer

To find the ratio of Katie's loan repayments to her earnings, we need to divide her loan repayments by her total earnings:

Ratio=Loan RepaymentsEarnings=640016200\text{Ratio} = \frac{\text{Loan Repayments}}{\text{Earnings}} = \frac{6400}{16200}

Calculating this gives:

6400162000.395\frac{6400}{16200} \approx 0.395\ldots

To express this as a ratio, we can simplify it. We can multiply both the numerator and denominator by 100 to make it easier:

6400×10016200×100=6400001620000\frac{6400 \times 100}{16200 \times 100} = \frac{640000}{1620000}

Next, we simplify it further as needed.

Step 2

Simplify the ratio

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Answer

Using a calculator or by using greatest common divisor methods, we can find:

After simplification, we find that:

640016200328032:80\frac{6400}{16200} \approx \frac{32}{80} \Rightarrow 32 : 80

Dividing both sides by 8 gives:

4:10\Rightarrow 4 : 10

And further reducing gives us:

2:5\Rightarrow 2 : 5

Step 3

Compare to Katie's estimate

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Answer

Katie estimated the ratio to be 3 : 8. To check if these are equivalent, we can express both ratios in decimal form:

For 3 : 8:

38=0.375\frac{3}{8} = 0.375

For 2 : 5:

25=0.4\frac{2}{5} = 0.4

Since 0.4 is not approximately equal to 0.375, we can conclude that Katie's estimate is incorrect.

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