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Drakula
Drakula Drakula
  • 28-05-2014
  • Mathematics
Answered

A bank paid 2.3% interest on a money market account. What is 2.3% written as a decimal

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kate200468
kate200468 kate200468
  • 28-05-2014

\(1\%\ \ \rightarrow\ \ \frac{1}{100}=0.01 \\\\2.3\%\ \ \rightarrow\ \ x\\\\x= \frac{2.3\%\cdot0.01}{1\%} \ \ \ \Rightarrow\ \ \ x=0.023\)

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AL2006
AL2006 AL2006
  • 28-05-2014

2.3% is the same thing as 0.023 .

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