Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

# What Is A Factor?

Factors are whole numbers which are multiplied to get another whole number. It can also be defined as the multiplication of numbers to get another number. Ex: Factors for 8 are 2 and 4 as 2 × 4 = 8. Similarly, factors for 10 are 1 and 10 or 2 and 5 as 1 x 10 = 10 and 2 x 5 = 10.

Factor Facts
1. It is essential to know that there are many numbers which have more than a single factorization or it has many factors. Ex: 16 can be factored as 1×16, 2×8 or 4×4.
2. When a number has only 1 factor it is called as a prime number. Ex: 2, 3,5,7,11,13, etc.
3. 1 is not included in factorizations as it is present in every number factorization.
4.-ve numbers can also be factors as multiplying two negatives makes a positive. Ex: Factors of 12 can be -6 and -2 or -4 and-3 or -1 and -12 apart from the other positive integers.
5. Factors in Algebra are shown using expressions. Ex: u+3. Expression y2+4y+3 has (y+3)(y+1) as factors.

Finding Factors
The factors for a number can be found in two ways:
Division: This method is used when you want to know whether a number that you have chosen is a factor of the other number or not. If the number you have chosen is divided and gives no remainder then it is called as the factor of that number.
Ex: 15. To find if 3 is a factor of 15 or not. 15/3 = 5. Since the remainder is 0, 3 is a factor of 15.
Ex2: 6 is a factor of 26. 26/6 has a remainder of 2 hence not a factor of 26.
Factor Tree: This is a diagrammatic way to find factors for a number. First two numbers are found whose product gives the number to be factored. Ex: 24. The factors 6 and 4 gives 24. After that, use the same method to get factors for 6 and 4 and note them down, repeat the method till you get no factors for these two numbers. It is a good way to find all the factors possible for a number.

Real-life Application of Factors
A division into equal parts: Factors are necessary if you have to divide something into equal parts. Ex; there are 4 kids and there are 8 chocolates, for everyone to get equal share dividing 8 by 4 results in 2, so each kid gets 2 chocolates.
Dealing with Money: Exchanging money is an application of factors in real-life. A \$50 note can be exchanged for either 4*\$5 notes or 2*\$20 notes and 2*\$5 notes.
Time: It is another real-life application of factors. If your doctor asks you to take pills thrice a day. You will take 24/3 = 8. So you have to take it after every 8 hours.
Travel: Factors can be used in travel too. If you have to cover 600 miles, to know how much time you will spend driving if you drive at a speed of 100 mph, then it will take 6 hours to reach the destination.

Factors are an essential part of mathematics that we use day in and day out, sometimes even without realizing it! Having at least the basic knowledge in it will help you in a great way!

## Global Banking & Finance Review

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact