to identify the need of application of percentage in day to day life and write five applications
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Need of percentage in day to day life:-
- It is a very significant tool of calculations and is required in numerous spheres.
- It is because we can get the answers to 'how much' or 'how many' querries using percentage.
Applications of percentage:-
- Most often, it is used in shops to maintain records.
- It is used by financial institutions to compute interest on loans.
- It is also needed to assess the rates of inflation.
- By calculating the percentages, it becomes easier to compare fractions.
- In order to analyze the performance of a student, the respective percentage is given in the annual reports.
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