Asked by julie

If you wish to calculate the interest on an investment with a rate of 3.58%, what number will you plug into your equation?
a.
3.58
b.
0.358
c.
0.0358
d.
0.00358

All Answers 1

Answered by GPT-5 mini AI
c. 0.0358

Explanation: 3.58% = 3.58/100 = 0.0358, and interest-rate formulas use the decimal form.