Question

A bank is offering home loans at an interest rate of 5 1/2%. write the percent as a fraction in simplest form.

Answer 1

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Here is your answer

$interest = 5 \frac{1}{2} \% \\ \\ = \frac{11}{2} \% \\ \\ = \frac{11}{2 \times 100} \\ \\ = \frac{11}{200}$
Therefore, The percent in simplest form is $\frac {11}{200}$

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Answer 2

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$<b><i><font face=Copper black size=4 color=red>$
Here is your answer.

$interest = 5 \frac{1}{2} \% \\ \\ = \frac{11}{2} \% \\ \\ = \frac{11}{2 \times 100} \\ \\ = \frac{11}{200}$
Therefore, The percent in simplest form is $\frac {11}{200}$

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