What is 2% of 35000?
Understand the Problem
The question is asking to find 2% of 35,000. To solve this, we will calculate 0.02 multiplied by 35,000.
Answer
$700$
Answer for screen readers
The answer is $700$.
Steps to Solve
- Set Up the Calculation of 2%
To find 2% of a number, we first convert the percentage to a decimal.
$$ 2% = \frac{2}{100} = 0.02 $$
So, we will multiply this decimal by 35,000.
- Perform the Multiplication
Now we need to multiply $0.02$ by $35,000$.
$$ 0.02 \times 35,000 = 700 $$
- Final Result
The result from the multiplication gives us the value we are looking for.
The answer is $700$.
More Information
Finding a percentage is a very useful skill in real-life applications, including finance for budgeting or calculating discounts.
Tips
- A common mistake is forgetting to convert the percentage to a decimal before multiplication. Remember, $2%$ should be transformed into $0.02$ by dividing by 100.
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