005% = 5% which, as a decimal is 0.05
The 1st decimal number is the greater
.005
.005
.005
.005
.005
0.06
the answer should be .005
One half of a percent as a decimal is expressed as .005 Percent is out of 100 or 1 in most cases. 99 cents equal 1 dollar, so one HALF of ONE percent is .005 because one out of 100 = .01 so half of that would be .005 because .005 + .005 = .01
Answer: Yes, .625% of a % is greater than .005 % Solution: .625% of a percent = .625% * 1% = .625 / 100 * (1 / 100) = 0.00625 * .01 = 0.0000625 .005% = .005/100 = .00005 0.0000625 > 0.00005 The easy way to determine which converted number is larger is to align them as follows & look to see which number is greater: 0.0000625 0.00005 As you can see above, 6 is greater than 5, which means the upper number is greater than the lower number. === An easier way to convert .625% of 1% is to count the number of % characters & then know each % represents 2 digits. In this case .625% of 1% means you have 4 decimal places. So you just move the decimal place of .625, 4 decimal places to the left as in .625 converts to .0000625. Since there is only 1 % associated with the .005 number, you just have to move the decimal place 2 digits to the left as in .005 converts to .00005. Then line up your numbers as shown above and you should be able to easily see which number is larger.
A decimal number is simply a way of representing a number in such a way that the place value of a one is ten times that of a one in the place to its right. If it does not contain a fractional part then the decimal representation does not require a decimal point. So the decimal for 50 bps is 50 bps – as in the question.