Divide; Round Off Monetary Quotients to the Nearest Cent; Round

question 29

Short Answer

Divide; round off monetary quotients to the nearest cent; round non-monetary quotients to four decimal places.
​
a.12.6 ¸ 0.692
b.627.17 ¸ 1.7
c.$12.25 ¸ 40

---

Definitions:

Interest Rate

The ratio of a loan that accumulates interest charges for the borrower, customarily articulated as an annual percentage of the loan outstanding.

Interest Rate

The percentage at which interest is charged or paid on a loan or investment over a specific period of time.

Equal Payments

Regular payments of the same amount, typically in the context of loan repayments or financial agreements.

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.