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3 percent mean 3 out of 100. So if banks give 3% interest (tell me if you can find one), they will pay 3 dollars for every 100 dollars you deposit. If there is a shop giving 3% discount, for every $100 worth of things you buy, you do not have to pay $3 of it, or pay $97 (how I wish it is the reverse)

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Q: What doas 3 percent mean?
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