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The tax rate of $.0984 in decimal can be expressed as how many mills?

A. 9,840 B. 98.4 C. 90.84 D. 9.84

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The tax rate of $.0984 in decimal can be expressed as how many mills?

A. 9,840 B. 98.4 C. 90.84 D. 9.84

Answer

one mill is one thousandth of a currency unit, or 0.001$.
So 0.984 in mills means we have to divide 0.0984 by 0.001 (which means moving the period to the right here): so it would be 98.4 mills (answer B)

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 22 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 299 views.

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