Page 10 - LEARNER GUIDE FNSACC313

Perform Financial Calculations

DIVISION

Slightly more difficult for some people is DIVISION. Generally, long division is the easiest
method to use for division.
EXAMPLE:

319.6316 =

__​19.98​_____
16)319.63 3 16 won't divide.
​160.00 31 16 = 1. 1 x 16 x 10.
159.63 Take second number from first number.
​144.00 159 16 = 9. 9 x 16.
15.63 Take second number from first number.
​14.40 156 16 = 9. 9 x 16.
1.23 Take second number from first number.
​1.12 123 16 = 7. 7 x 16.
.110 Take second number from first number.
110 16 = 6. Since 6 is bigger than 5
we increase the final figure to 8. This
is called "rounding" to the second decimal
place.

= 19.98

You may also choose to do short division, in which case your working out would look like this.

Anne Bowden ©2020