Question

The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a _____.

Answer 1

Answer:

decimal

Step-by-step explanation:

Before using the rate given as a percentage in simple interest formula, you must first convert it to decimal.

 This helps in simplifying the work and help the calculation.

 Simple interest = $\frac{PRT}{100}$  

P is the principal

R is the rate

T is the time

  The rate is taken to decimal and inserted into the problem.