What is 3 of 300000?
Understand the Problem
The question is asking for the calculation of 3% of 300,000. To solve this, we will find 3 divided by 100 and multiply it by 300,000.
Answer
9,000
Answer for screen readers
The final answer is 9,000
Steps to Solve
- Convert percentage to decimal
Convert 3% to its decimal equivalent.
$$ 3% = \frac{3}{100} = 0.03 $$
- Multiply by the number
Multiply the decimal equivalent of the percentage by 300,000.
$$ 0.03 \times 300,000 $$
- Calculate the product
Perform the multiplication to find the final answer.
$$ 0.03 \times 300,000 = 9,000 $$
The final answer is 9,000
More Information
In the context of real-world scenarios, calculating percentages is frequently used in finance, sales, and statistics. For example, determining a 3% discount on a $300,000 item would be a similar calculation.
Tips
A common mistake is to forget to convert the percentage to a decimal before multiplying. Always divide the percentage by 100 to get the correct decimal form.
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