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# M22-01

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Math Expert
Joined: 02 Sep 2009
Posts: 50007

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16 Sep 2014, 01:15
00:00

Difficulty:

5% (low)

Question Stats:

86% (00:43) correct 14% (01:26) wrong based on 98 sessions

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If the dollar depreciated $$\frac{1}{16}$$ of 3%, what is the depreciation expressed in decimal form?

A. 0.000625
B. 0.001875
C. 0.002450
D. 0.003750
E. 0.009225

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Math Expert
Joined: 02 Sep 2009
Posts: 50007

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16 Sep 2014, 01:15
Official Solution:

If the dollar depreciated $$\frac{1}{16}$$ of 3%, what is the depreciation expressed in decimal form?

A. 0.000625
B. 0.001875
C. 0.002450
D. 0.003750
E. 0.009225

The answer is $$\frac{0.03}{16} = \frac{30,000}{16}*0.000001 = 0.001875$$. Knowing that the first digit of $$\frac{30,000}{16}$$ is 1 is enough to pick the right answer out of the given choices.

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Intern
Joined: 14 Oct 2015
Posts: 14

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24 Oct 2017, 04:23
Why not just 300/16
Re: M22-01 &nbs [#permalink] 24 Oct 2017, 04:23
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# M22-01

Moderators: chetan2u, Bunuel

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