Question

A bank deposit of $300 earned $9 interest. The interest was what fraction of the deposit? (Express As Fraction)

Answer 1

The fraction of the deposit is;

`(3)/(100)`

Step-by-step explanation:

Given that a bank deposit of $300 earned $9 interest.

`\begin{gathered} \text{Deposit D= \$300} \\ \text{Interest I = \$9} \end{gathered}`

The fraction of the deposit is;

`\begin{gathered} f=(I)/(D)=(9)/(300)=(3)/(100) \\ f=(3)/(100) \end{gathered}`

Therefore, the fraction of the deposit is;

`(3)/(100)`