GMAT Exam > GMAT Videos > Quantitative for GMAT > Ratio & Proportion
Ratio & Proportion Video Lecture | Quantitative for GMAT
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115 videos|106 docs|113 tests
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FAQs on Ratio & Proportion Video Lecture - Quantitative for GMAT
| 1. What is the difference between ratio and proportion in mathematics? |  |
Ans. In mathematics, a ratio is a comparison of two numbers while a proportion is an equation that shows two ratios are equal.
| 2. How can ratios be simplified in bank exams? | |
Ans. Ratios can be simplified by dividing both numbers by their greatest common factor until they cannot be reduced any further.
| 3. Why are ratios and proportions important in bank exams? | |
Ans. Ratios and proportions are essential in bank exams as they are used to solve various mathematical problems related to finance, interest rates, investments, and percentages.
| 4. Can ratios and proportions be used to calculate percentages in bank exams? | |
Ans. Yes, ratios and proportions can be used to calculate percentages in bank exams by setting up proportion equations and solving for the unknown value.
| 5. How can ratios and proportions be applied to real-life banking scenarios? | |
Ans. Ratios and proportions are used in real-life banking scenarios to analyze financial statements, calculate interest rates, determine loan payments, and assess investment returns.
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Dec 22, 2024 Last updated |
Video Description: Ratio & Proportion for GMAT 2024 is part of Quantitative for GMAT preparation.
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