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

A.
0.023

B.
0.23

C.
2.3

D.
23.0

Question

A bank paid 2.3% interest on a money market account. What is 2.3% written as a decimal?	
 
 A.
0.023
 
 B.
0.23
 
 C.
2.3
 
 D.
23.0

anonymous · Answer

Well, let's do step by step so that you understand this

anonymous · Answer

So step one, we need to know what 2.3% actually is 

Because I used to hate percents oh my god

Basically, 2.3% is simply 2.3/100 or 2.3 divided by 100

anonymous · Answer

Isn't it A. When converting percentages to decimals, you should move the decimal place two places to the left.

anonymous · Answer

So step two, or the final step,

what is 2.3/100?

2.3/100 = 0.023

anonymous · Answer

I think that's right. Then vice-versa, you should move the decimal two places to the right, when converting a decimal to a percentage.

anonymous · Answer

It is really helpful to know this whole converting percentages into decimals thing because when there's a problem like "what is 20% of 104" you can just do 0.20 * 104 and there you have your answer :)

anonymous · Answer

@shoplovepc, we make a great team, and it seems like we always end up on the same questions.

anonymous · Answer

Ok so the answer is 23%?

anonymous · Answer

@OrangeMaster yesss we doo

anonymous · Answer

the answer is A

anonymous · Answer

No, it is not 23%. You already know that the percentage is 2.3%. You said in the question that you wanted to convert the percentage given into a decimal.

anonymous · Answer

@OrangeMaster exactly

anonymous · Answer

we're not looking for a percentage, although the problem originally started with one, we need a decimal

anonymous · Answer

No matter what the decimal .023 is the same as the percentage 2.3

anonymous · Answer

Ohhhh ok now I understanding, thank you for the both of you, help me a lot, so I will give the medal for Shoplovepc because he start firts!!

anonymous · Answer

Actually, she haha I'm a girl and thank you :)

anonymous · Answer

I think she is a girl

anonymous · Answer

@OrangeMaster you're quite the detective

anonymous · Answer

I knew it, her name has shop and love right in it.

anonymous · Answer

I guess the picture of the girl helps too.

anonymous · Answer

That's pretty cool, you never know. Maybe one day. Also, if that's all your questions, I have to go. Bye @shoplovepc and @ligiete.

anonymous · Answer

@OrangeMaster bye

anonymous · Answer

@shoplovepc, bye.