Answer:
(a) = 0.08
(b) = $0.71
Explanation:
(a) We can determine the decimal form of 8% two ways.
(1) We can rewrite 8% as 8/100 since a percent is always out of 100. When you divide 8 by 100, you get 0.08.
(2) Or we can rewrite 8% as 8.00%. Then, we can move the decimal two places to the left (same as dividing by 100) and drop the percent symbol which gives us 0.08.
(b) 0.08 * 8.90 = 0.712. Rounding to the nearest cent gives us $0.71