Hal Fritz purchased a $4,000 bond at 90. The annual interest is 5%. What was the cost of the bond? What was the annual interest?
1 answer:
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<span> For this case we have the following expression:
45 1/2%
Rewriting in decimal form we have:
45.5%
Then, the percentage in its numerical and decimal form is:
</span>
<span> We now write the decimal in the form of a fraction.
We have then:
</span>
<span> Simplifying the fraction we have:
</span>
<span> Answer:
The expression given in the form of fraction is:
91/200</span>
45 1/2%
Rewriting in decimal form we have:
45.5%
Then, the percentage in its numerical and decimal form is:
</span>
<span> We now write the decimal in the form of a fraction.
We have then:
</span>
<span> Simplifying the fraction we have:
</span>
<span> Answer:
The expression given in the form of fraction is:
91/200</span>