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22 May 2017, 13:44
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E
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Difficulty:
5%
(low)
Question Stats:
87% (00:48) correct
13%
(01:02)
wrong
based on 1026
sessions
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If "basis points" are defined so that 1 percent is equal to 100 basis points, then 82.5 percent is how many basis points greater than 62.5 percent?
A) 0.02
B) 0.2
C) 20
D) 200
E) 2,000
A) 0.02
B) 0.2
C) 20
D) 200
E) 2,000
22 May 2017, 23:33
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Difference = 82.5 percent - 62.5 percent = 20 percent
1 percent = 100 basis point
Thus, 20 percent = 20*100 = 2000 basis points
Hence E
1 percent = 100 basis point
Thus, 20 percent = 20*100 = 2000 basis points
Hence E
General Discussion
sashiim20
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Schools: ISB '19 IIMB IIMA XLRI HEC Sept19 intake Rotman '21 NUS '21 NTU '20 Trinity MBA '20 Bocconi '21 Smurfit "21
Posts: 609
22 May 2017, 18:54
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carcass
1% = 100 basis points
1/100 = 0.01 = 100 basis points
82.5% = 0.825
Basis points = \(\frac{0.825 * 100}{0.01}\) = 8250
62.5% = 0.625
Basis points = \(\frac{0.625 * 100}{0.01}\) = 6250
Difference between 82.5% and 62.5% = 8250 - 6250 = 2000
Answer E...
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