When the rate amount in an interest formula is used, convert it to its decimal form by dividing by 100 or by moving the decimal point 2 spaces to the left, so whats 8.7% in decimal form?

Answer 1

To convert 8.7% to its decimal form, you can either divide by 100 or move the decimal point two spaces to the left.

So,

8.7% = 8.7 / 100 = 0.087

Therefore, 8.7% in decimal form is 0.087.