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In Exercises 11-20, express each decimal as a percent. \(0.003\)

Short Answer

Expert verified
The decimal 0.003 converted into percentage is 0.3%

Step by step solution

01

Identify the Decimal

The decimal given for conversion into percentage is 0.003.
02

Shift Decimal point

Shift the decimal point two places to the right. This will now be read as 0.3.
03

Apply Percentage Sign

Add '%'(percentage symbol) at the end. So, 0.3 becomes 0.3%.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Percentages
The concept of percentages is used to express how one quantity relates to another on a scale of one hundred. It's essentially a ratio or fraction with a denominator of 100. When we say something is 50%, we mean it's 50 out of 100, or half of the total. Percentages can help compare different quantities in a uniform way and are often used in daily life, such as in sales discounts, interest rates, and statistics.

To convert a decimal to a percentage, you're essentially shifting the value to reflect how many parts out of 100 you have. This easy conversion is handy in many real-world situations where you might need to express a decimal number as a more understandable figure, like a percentage. The act of converting helps in visualizing the portion of the whole that a certain number signifies, whether it's the rate of a loan or the concentration of a chemical solution.
Decimal Numbers
Decimal numbers are a way of representing fractions and real numbers without using the traditional fraction bar. They are based on the base ten system, which our whole number system also relies on. The position of a digit after the decimal point indicates its value relative to the whole number. For example, the digit in the tenths place is one-tenth of a whole, in the hundredths place is one-hundredth, and so on.

Decimals provide a way to write numbers that are not whole, and they can be more accurate than fractions in some cases. They are particularly useful in measurements, financial transactions, engineering, and scientific contexts where precision is essential. Understanding the relationship between decimals and percentages is key, since it allows for quick and easy translation from one form to another, enhancing comprehension of the quantity described.
Mathematical Conversion
Mathematical conversion between decimals and percentages is a fundamental skill that allows for the interchangeability of different forms of expressing numbers. The process is generally straightforward and involves shifting the decimal point. When converting from a decimal to a percentage, as seen in the example with the decimal 0.003, the decimal point is simply moved two places to the right. This movement reveals the value as a part out of 100.

It's important to grasp the reasoning behind the shift: since one whole, or '1', is equivalent to '100%', moving the decimal point two places to the right will show how many hundredths are present. Always remember to add the percentage symbol after the number once you've shifted the decimal, as this indicates that the number is now a percentage. In everyday applications, converting between these two forms can help with budgeting, interpreting data, and understanding growth rates, among many other usages.

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Most popular questions from this chapter

In Exercises 1-10, use $$ P M T=\frac{P\left(\frac{r}{n}\right)}{\left[1-\left(1+\frac{r}{n}\right)^{-n t}\right]} . $$ Round answers to the nearest dollar. Suppose that you are buying a car for \(56,000, including taxes and license fees. You saved \)8000 for a down payment. The dealer is offering you two incentives: Incentive A is $10,000 off the price of the car, followed by a four-year loan at 12.5%. Incentive B does not have a cash rebate, but provides free financing (no interest) over four years. What is the difference in monthly payments between the two offers? Which incentive is the better deal?

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Describe why a buyer would select a 30-year fixed-rate mortgage instead of a 15 -year fixed-rate mortage if interest rates are \(\frac{1}{4} \%\) to \(\frac{1}{2} \%\) lower on a 15 -year mortgage.

You would like to have \(\$ 4000\) in four years for a special vacation following college graduation by making deposits at the end of every six months in an annuity that pays \(7 \%\) compounded semiannually. a. How much should you deposit at the end of every six months? b. How much of the \(\$ 4000\) comes from deposits and how much comes from interest?

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