Yes
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No because 0.05 is greater than 0.02
As a percent, .02 is 2 percent. To convert from decimal to percent, you move the decimal point two places to the right. When converting from percent to decimal, you move the decimal point two places to the left.
40,000 * .02 = 800
Break it down first before you try to answer the question. 2 percent is equal to .02 "Of" means to multiply "is" means equals now combine all these together: .02*1600=32
.3=30% .2=20%, .02= 2% 1=100% etc.....