What is 3 of 110000?

Understand the Problem

The question is asking for the calculation of three percent of 110,000, which involves multiplying 110,000 by 0.03.

Answer

$3,300$
Answer for screen readers

The final answer is $3,300$.

Steps to Solve

  1. Convert Percentage to Decimal
    To calculate three percent, we can convert the percentage into decimal form. This is done by dividing the percentage by 100.
    So, $3% = \frac{3}{100} = 0.03$.

  2. Multiply by the Total Amount
    Next, we multiply the decimal form of the percentage by the total amount, which is 110,000.
    Using the formula:
    $$ 0.03 \times 110,000 $$

  3. Perform the Calculation
    Now we will calculate the above expression:
    $$ 0.03 \times 110,000 = 3,300 $$

The final answer is $3,300$.

More Information

Calculating percentages is a common task in everyday life, especially in finance, sales, and data analysis. Knowing how to convert percentages to decimals and performing the multiplication is a crucial skill.

Tips

  • Forgetting to Convert: One common mistake is forgetting to convert the percentage to decimal form. Always remember to divide by 100 before multiplying.
  • Misplacing a Decimal: Sometimes, students might misplace the decimal point, which can lead to incorrect answers. It's essential to double-check calculations.
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