Question

A bank deposit of $300 earned $9 interest. The interest was what fraction of the deposit? (Express As Fraction)

Answer 1

Answer:

The fraction of the deposit is;

$\frac{3}{100}$

Explanation:

Given that a bank deposit of $300 earned $9 interest.

$\begin{gathered} \text{Deposit D= \ 300} \\ \text{Interest I = \ 9} \end{gathered}$

The fraction of the deposit is;

$\begin{gathered} f=\frac{I}{D}=\frac{9}{300}=\frac{3}{100} \\ f=\frac{3}{100} \end{gathered}$

Therefore, the fraction of the deposit is;

$\frac{3}{100}$