Formulae are used in everyday life to calculate quantities such as wages or costs. These costs will vary depending on factors such as number of hours worked or days of hire needed.
A formulaAn equation that is written for a purpose, such as converting Fahrenheit to Celsius. A formula is always true regardless of the values used. is an equation that shows the relationship between variableA quantity that can change or that may take on different values. Variable also refers to a letter or symbol representing such a quantity.. These variables could be:
the cost of hiring a worker based on the number of hours worked
the cost of hiring a van based on the number of days it is needed for
A formula can be expressed as a worded problem or as an equationAn equation contains an equals sign. Equations are only true for certain values. using words or letters.
Example 1
Cost of hiring a van = number of days × £40 + £100
This formula allows you to calculate the cost of hiring a van based on the number of days it is needed for.
As you can see, there is a flat charge of £100 no matter how many days it is needed for.
For each day it is needed £40 is added to this cost.
Example 2
Gareth is a electrician. He charges a call-out fee of £45 in addition to £15 for every hour on the job.