Asked by Ann
Identify the rate in the following statement:
75 is 15% of 500.
75 is 15% of 500.
Answers
Answered by
drwls
15% is probably the answer they want for the the "rate". Actually, it is just a fraction or ratio, expressed as a percent. It is only a rate if it is paid or charged at regular intervals, like interest on a loan or savings account.
That is a badly phrased question, in my opinion.
That is a badly phrased question, in my opinion.
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