This document discusses converting a percentage interest rate to a decimal for use in calculating simple interest. Specifically, it notes that to use a percentage rate like 10/60% or 10/60 in the simple interest formula, the percentage must first be converted to a decimal by dividing the percentage by 100.
This document discusses converting a percentage interest rate to a decimal for use in calculating simple interest. Specifically, it notes that to use a percentage rate like 10/60% or 10/60 in the simple interest formula, the percentage must first be converted to a decimal by dividing the percentage by 100.
This document discusses converting a percentage interest rate to a decimal for use in calculating simple interest. Specifically, it notes that to use a percentage rate like 10/60% or 10/60 in the simple interest formula, the percentage must first be converted to a decimal by dividing the percentage by 100.