What is 3% of 270,000?
Understand the Problem
The question is asking for the calculation of 3% of 270,000. To solve this, we would calculate the percentage by multiplying 270,000 by 0.03.
Answer
$8,100$
Answer for screen readers
The answer is $8,100$.
Steps to Solve
- Convert the percentage to a decimal
To calculate 3% as a decimal, divide by 100: $$ 3% = \frac{3}{100} = 0.03 $$
- Multiply the decimal by the whole number
Now, multiply the decimal form of the percentage by the number 270,000: $$ 0.03 \times 270,000 $$
- Calculate the product
Perform the multiplication: $$ 0.03 \times 270,000 = 8,100 $$
The answer is $8,100$.
More Information
Calculating percentages is very useful in many real-world situations, such as finance, statistics, and daily shopping. Understanding how to convert percentages to decimals helps in solving a wide range of similar problems.
Tips
One common mistake is forgetting to convert the percentage to a decimal before performing the multiplication. To avoid this mistake, always remember that you need to divide the percentage by 100 first.
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