Question

A bank paid 2.3% interest on a money market account. What is 2.3% written as a decimal

Answer 1

$1\%\ \ \rightarrow\ \ \frac{1}{100}=0.01 \\\\2.3\%\ \ \rightarrow\ \ x\\\\x= \frac{2.3\%\cdot0.01}{1\%} \ \ \ \Rightarrow\ \ \ x=0.023$

Answer 2

2.3% is the same thing as 0.023 .