Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
Solve for the rate (as a %). Round to the nearest tenth of a percent when necessary.
% of 50 is 43.
Expert Solution
Introduction
The term percentage rate is ratio that shows a portion in relation to a whole. It is represented as fraction of a number depicted as a particular number of 100th of that number.
The percentage rate can be determined by using the following formula:
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