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

asked Feb 14, 2015 58.2k views

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2.3% is the same thing as 0.023 .

Alecco answered Feb 16, 2015

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$1\%\ \ \rightarrow\ \ (1)/(100)=0.01 \\\\2.3\%\ \ \rightarrow\ \ x\\\\x= (2.3\%\cdot0.01)/(1\%) \ \ \ \Rightarrow\ \ \ x=0.023$

Amit Patil answered Feb 18, 2015

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