Convert the Following Fraction to Its Decimal Equivalent and Percent

question 104

Short Answer

Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures:

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Definitions:

Nearest 0.01%

The approximation of a value rounded to the nearest hundredth of a percent to increase precision.

Nearest 0.01%

Indicates rounding figures to the closest one hundredth of a percent.

Equivalent Interest Rate

A rate that converts interest rates of various compounding periods into an annual rate for comparison purposes.

Nearest 0.01%

Rounding a percentage to the closest one-hundredth of a percent.