What is 1 percent of 50000?
Understand the Problem
The question is asking for the calculation of one percent of fifty thousand. To find this, you would multiply fifty thousand by 0.01.
Answer
$500$
Answer for screen readers
The final answer is $500$.
Steps to Solve
- Identify the calculation needed
To find one percent of fifty thousand, we need to multiply fifty thousand by the decimal equivalent of one percent, which is 0.01.
- Set up the multiplication
We can express this calculation as follows: $$ 50000 \times 0.01 $$
- Perform the multiplication
Now, we calculate: $$ 50000 \times 0.01 = 500 $$
- Final result
Therefore, one percent of fifty thousand is 500.
The final answer is $500$.
More Information
One percent is often used in financial contexts, such as calculating interest or discounts. Finding percentages is a useful tool in everyday life, whether you're budgeting or shopping.
Tips
- Confusing percentage with a fraction: Remember that one percent means dividing by 100 or multiplying by 0.01, not just using the value 1.
- Not converting percentage correctly: Always double-check that you convert a percentage to its decimal form before performing the multiplication.
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