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Chapter 8: Problem 61

Describe how to express a percent as a decimal number and give an example.

Short Answer

Expert verified
A percent can be converted to a decimal by dividing by 100 or moving the decimal point two places to the left. For example, 75% equals 0.75 in decimal form.

Step by step solution

01

Understanding Percentage

A percent is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign, '%'. For example, 50% is a value that represents 50 out of 100, or halfway.
02

Conversion Method

To convert percent to decimal, divide the percent value by 100 or simply move the decimal point two places to the left. This process reduces the given percent value to its equivalent decimal form.
03

Example

Let's take an example of 75%. To convert this percent into a decimal, divide 75 by 100 which equals to 0.75. So, 75% equals 0.75 in decimal form.

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Most popular questions from this chapter

Suppose that you are thinking about buying a car and have narrowed down your choices to two options: The new-car option: The new car costs \(\$ 28,000\) and can be financed with a four-year loan at \(6.12 \%\). The used-car option: A three-year old model of the same car costs \(\$ 16,000\) and can be financed with a four-year loan at \(6.86 \%\). What is the difference in monthly payments between financing the new car and financing the used car?

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