Passing percentage into an HTML input. I'd like to use a whole number, such as `2` to signify `0.02`. How can I achieve this with the following code?

**jQuery:**

```
function percentage_output() {

    var rate = $('#rate').val();

    $('#output').html(rate);

};
$('input').on('blur', percentage_output);

```

**HTML:**

```
<input id="rate" type="number">

<div>
    Output: <span id="output"></span>
</div>

```