Convert the given interest rate to decimal form if it is given as a percentage, and to a percentage if it is given in decimal
form.
-0.05% to decimal
A) 0.5
B) 5.0
C) 0.0005
D) 0.05

Question

Convert the given interest rate to decimal form if it is given as a percentage, and to a percentage if it is given in decimal
 form.
-0.05% to decimal
A) 0.5
B) 5.0
C) 0.0005
D) 0.05

Quizplus · Accepted Answer

To convert a percentage to a decimal, divide it by 100. Therefore, 0.05% = 0.05/100 = 0.0005. So the correct choice is C. To convert a percentage to a decimal, we move the decimal point two places to the left and remove the percent sign. Therefore, 0.05% is equal to 0.0005 in decimal form.

Convert the Given Interest Rate to Decimal Form If It