Question

Convert 7.23% into a decimal

Answer 1

0.0723

Explanation:

To convert 7.23% into a decimal, you just need to divide 7.23 by 100, or just move the decimal point 2 times to the left.

Answer 2

0.0723

Explanation:

Percent literally means for each 100, which aligns perfectly with the definition of hundredths (1 hundredth means 1 out of 100 equal parts). In fact, the two concepts are equivalent, and the value 7.23% is the same as 7.23 hundredths. We can write this more precisely with the notation
`(7.23)/(100)`, and multiplying the numerator and denominator by 100 to get rid of the decimal point gives us the fraction
`(723)/(10,000)`, which we can write in decimal form as 0.0723

In general, we can convert any percent to a decimal by dividing it by 100, which has the effect of moving the decimal two places to the left.