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
-
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, $3% = \frac{3}{100} = 0.03$. -
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:
$$ 0.03 \times 110,000 $$ -
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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