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Maksim231197
1 month ago
6

A bank is offering home loans at an interest rate of 5 1/2%. Write the percent as a fraction in simplest form.

Mathematics
2 answers:
PIT_PIT [12.4K]1 month ago
8 0
5 1/2%=5.5%
5.5%=5.5/100=55/1000
55/1000=11/200
Zina [12.3K]1 month ago
5 0

Answer:

In simplest form, the percent expressed as a fraction is 5\frac{1}{2}\%=\frac{11}{200}  

Step-by-step explanation:

Given: A bank provides home loans at an interest rate of 5\frac{1}{2}\%.

To find: Determine the percent converted into a fraction at its simplest form?

Solution:

The interest rate is 5\frac{1}{2}\%

Transforming the mixed fraction into an improper one,

5\frac{1}{2}\%=\frac{11}{2}\%

Percentages are formed by dividing by 100,[...],

5\frac{1}{2}\%=\frac{11}{2}

5\frac{1}{2}\%=\frac{11}{2}\times \frac{1}{100}

5\frac{1}{2}\%=\frac{11}{200}

Thus, the fraction form of the given percent is 5\frac{1}{2}\%=\frac{11}{200}

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