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Budgeting and Being a Smart Consumer

Question 2 • Personal Finance - EL3403

What is 7% of $20.00?

Answer
A
$0.20
B
$0.70
C
$0.90
D
$1.40

Explanation

Convert 7% to a decimal: 7% = 0.07. Multiply $20.00 by 0.07 to get $1.40, so the correct choice is D, $1.40.

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