It means that the person's debt is equivalent to 99 percent of their [annual] income.
Chat with our AI personalities
20% = 20/100.
if you mean why is it called percent then it's latin...per is per or the ratio and cent is one hundered
Ratio is another form of a fraction, for instance: I have 1 apple to two oranges, which can be expressed as 1:2 (ratio) or 1/2 (fraction) which basically mean the same thing. Percent (%) is when you actually DIVIDE and multiply that decimal by 100%. For instance, with the apple and oranges, 1/2 becomes 0.5. 0.5 x 100= 50%.
No, the math term ratio doesn't mean multiply.
If you mean 15 and 45 then the ratio is: 1 to 3