It is 3. That's the correct answer
What you do, to convert a percention to a fraction is to divide the percent by 100. This will give you the fraction of that percent. Knowing this, you can eliminate all the other possible answers that have been listed.
Answer:
<u><em>0.14</em></u>
<u><em>Hope this helps :-)</em></u>
Answer:
If your investment dropped 7% and then increased by 8% you will not be a percent ahead. The reason being is that the increase is a lower amount and the decrease was on a larger amount.
For example, if you have $100 invested. 100*.07=$7, 100-7=$93 remaining. 93*08= $7.44. 93+7.44=100.44 (a .44 increase from the original number). One percent increase from the original number would have $101.
