What is 3% of 115000?
Understand the Problem
The question is asking for 3% of 115000. To solve it, we will find the percentage by multiplying 115000 by 3 and then dividing by 100.
Answer
$3450$
Answer for screen readers
The answer is $3450$.
Steps to Solve
-
Find the value of 3%
To calculate 3% of a number, we can use the formula:
$$ \text{Percentage} = \frac{\text{Percent}}{100} \times \text{Total} $$
In this case, we need:
$$ \text{Value} = \frac{3}{100} \times 115000 $$ -
Calculate the multiplication
Now, we just need to perform the multiplication:
$$ 3 \times 115000 = 345000 $$ -
Divide by 100
Next, we divide the result by 100 to find 3% of 115000:
$$ \frac{345000}{100} = 3450 $$
The answer is $3450$.
More Information
3% of a number is a common calculation in finance, business, and statistics. Understanding how to calculate percentages is fundamental in various real-life applications, such as discounts, taxation, and interest rates.
Tips
- Forgetting to divide by 100 after multiplying. Always remember that a percentage needs to be expressed as a fraction of 100.
- Miscalculating the multiplication step. Double-check your arithmetic to avoid errors.
