Jared is comparing the interest rates on savings accounts at several banks near his home. He chooses an account that pays 0.85% interest annually. What is 0.85% written as a decimal? (Please remember your rules for turning percents into decimals)
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A

0.00085

B

0.0085

C

0.085

D

0.085

Option "B" is the correct answer to the following question.

Step-by-step explanation:

Given:

Rate of annual interest = 0.85%

Find

Value of 0.85% in decimal

Computation:

To convert any percent number into a decimal, we have to divide that number by 100.

So,

Value of 0.85% in decimal =

Value of 0.85% in decimal = 0.0085

Note: We have to eliminate the percent symbol from the given number.