Drakula Drakula

28-05-2014
Mathematics

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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

28-05-2014

[tex]1\%\ \ \rightarrow\ \ \frac{1}{100}=0.01 \\\\2.3\%\ \ \rightarrow\ \ x\\\\x= \frac{2.3\%\cdot0.01}{1\%} \ \ \ \Rightarrow\ \ \ x=0.023[/tex]

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28-05-2014

2.3% is the same thing as 0.023 .

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