Convert the Given Interest Rate to Decimal Form If It

question 72

Multiple Choice

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 percent

• A) 0.0005%
• B) 50%
• C) 0.05%
• D) 5%

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Definitions:

Mutual Mistakes

A situation in a contract where all parties have a misunderstanding or incorrect belief about a basic assumption on which the contract is based.

Voidable

A term for an agreement or contract that may appear valid but can be legally voided by one of the parties.

Concealment

The active hiding of the truth about a material fact.

Nondisclosure

A legal agreement or clause that prohibits sharing confidential information with unauthorized parties.