Solve If Needed, Round Money Amounts to Two Decimal Places

question 29

Multiple Choice

Solve. If needed, round money amounts to two decimal places and all other amounts to one decimal place.
-Of the 120 students in an algebra class, 2 of them received an F on the mid-term exam. What percent of the algebra students received an F on the exam? (Round to the nearest tenth of a percent,
If necessary.)

• A) 60%
• B) 1.7%
• C) 16.7%
• D) 600%

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Definitions:

Legal Consideration

An essential element in contract law that refers to something of value exchanged between parties as part of an agreement, which is necessary for the contract to be enforceable.

Promissory Estoppel

A legal principle that enforces a promise in absence of a formal contract, provided individuals have acted in reliance on that promise.

Past Service

The period of service that is counted for the purposes of calculating pensions or other benefits, often before the current benefit plan was in place.

Consideration Requirement

In contract law, this is a necessary element that refers to something of value promised in exchange for a specific action or non-action.