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Understanding Credit

Question 3 • Personal Finance - EL3403

5% of $45.00 is $ .

Answer
A
$0.45
B
$2.25
C
$4.50

Explanation

Convert 5% to a decimal: 5% = 0.05. Multiply $45.00 by 0.05 to get $2.25, so the correct choice is $2.25.

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