Marsha - no doubt the job you needed this advice for has been done by now, but here is my best guess at the right way to write a percentage out: If the figure 4.975% is relevant, it needs to be recorded in its original form, not rounded and, apparently, in words (to ensure clarity when read out?). It seems to me that she really does want to find an answer, not just discuss the point, so to say she shouldn't do it at all is not really helping.Īlso, in legal areas it is essential to be exactly accurate to what has been said, promised, etc.
HOW TO TYPE FRACTIONS IN WORD DOCUMENT HOW TO
That they are financially significant is a non-issue.Īuto - Marsha has asked how to write out a percentage, because she has been told to at work. Since its unlikely that in the original accounting or contracts, figures were recorded to the fourth place after the decimal point (when is the last time you took out a bank loan with an APR of 5.2546? I bet it was an APR of 5.25), any results from multiplication or division of the figures would only be mathematically significant to the second place after the decimal point. Even if you knew the hundreths place to be zero, 4.50 times 3.25 is still 14.625, and know you know significance to the hundreths place - 14.62. If, however, you knew the first figure to be not 4.5 but 4.52, the result is 14.69, a figure that does not need to be rounded. When multiplying 4.5 times 3.25, your result is 14.625, but because the you only know to an exact amount the tenths figure (4.5) in the first item, that result must be rounded to the tenths place. It's certainly a lot of money.īut in working with figures, rounding, inaccuracy, and terms of mathematical calculation bring insignificance into the figures used.
I'm not saying that five thousandths of a percent of $64 billion is not significant.
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