1. The problem is to convert 5.25% to a decimal and then find its value to the nearest cent. 2. Recall that to convert a percentage to a decimal, divide by 100: $$\text{Decimal} = \frac{\text{Percentage}}{100}$$ 3. Applying this to 5.25%, we get: $$5.25\% = \frac{5.25}{100} = 0.0525$$ 4. To find the value to the nearest cent, we consider the decimal value as dollars and round to two decimal places. 5. Rounding 0.0525 to two decimal places: $$0.05\cancel{25} \to 0.05$$ 6. Therefore, 5.25% as a decimal rounded to the nearest cent is 0.05.