Question

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

Answer 1

2.3% is the same thing as 0.023 .

Answer 2

`1\%\ \ \rightarrow\ \ (1)/(100)=0.01 \\\\2.3\%\ \ \rightarrow\ \ x\\\\x= (2.3\%\cdot0.01)/(1\%) \ \ \ \Rightarrow\ \ \ x=0.023`