Question

1. If you wish to calculate the interest on an investment with an interest rate

Answer 1

Answer:  Choice D)  0.0285

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Explanation:

You move the decimal point two spots to the left to go from 2.85% to 0.0285

Or you can think of it like this:

2.85% = (2.85)/100 = 0.0285

since "percent" means "per 100"