5 3/11 as a decimal rounded to the nearest hundredth
2 answers:
First, let's turn the fraction into a decimal and not worry about the whole number just yet.
In order to write as a decimal, we can use long division for 3 ÷ 11 and we will get a quotient of .27.
Next, we can add .27 to our whole number and we will get a sum of 5.27 and that will be our decimal.
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Answer:
6%.
Step-by-step explanation:
We have been given that Tammy deposited $520 in the bank account that earns simple interest every year after 5 years she had earned $156.
To find the interest rate we will use simple interest formula.
I= Interest.
P= Principal amount.
r=Annual interest rate (in decimal form).
T= Time in years.
We have been given that I=156, T=5, P=520
Upon substituting our values in above formula we will get,
Let us multiply 0.06 by 100 to convert annual interest rate in percentage.
Therefore, the annual interest rate was 6%.