Well, you can actually go to the bank and they'll help you determine your interest rate. Whether you get a fixed interest rate, which means that if you pick 7% interest for twenty years, then your interest rate won't go up or down. It will stay at 7%. Or you can let your bank pick your interest rate. But they'll most likely pick the lowest rate they can.
Answer:
Yes, it is. Any repeating number is rational. In this case, 2.42… = 80/33.
To see this, consider x = 2.42…. Then 100x = 242.42…. Subtracting yields 99x = 240 or x = 240/99 = 80/33.
This method of finding the fraction of a repeating number always works.
Step-by-step explanation:
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