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Answer: Third Choice. Thousandths
Step-by-step explanation:
<u>Concept:</u>
Here, we need to know the order and name of each place value.
Please refer to the attachment below for the specified names.
<u>Solve:</u>
<em>STEP ONE: Orde and name each place</em>
2 ⇒ One Thousands
4 ⇒ Hundreds
5 ⇒ Tens
6 ⇒ Ones
.
1 ⇒ Tenths
3 ⇒ Hundredths
8 ⇒ One Thousandths
7 ⇒ Ten Thousandths
<em>STEP TWO: Find the number [8] in the number</em>
As we can see from the list above, 8 is at the right of the decimal point, thus, the place value is <u>Thousandths</u>.
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Yesterday's price of notebook = $3.45
Today's price of notebook = $3.20
We have to determine the percentage decrease in the cost of notebook.
Percentage decrease = (Decrease Old price)
So, percentage decrease =
=
= 7.246%
= 7.25%
Therefore, there is 7.25% of decrease in the cost of the notebook.