What is 3% of 47000?
Understand the Problem
The question is asking to calculate what 3% of 47000 is. This involves a basic percentage calculation.
Answer
$1410$
Answer for screen readers
The final answer is $1410$.
Steps to Solve
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Convert Percentage to Decimal To find 3% as a decimal, divide by 100: $$ 3% = \frac{3}{100} = 0.03 $$
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Multiply by the Total Amount Now, multiply the decimal by the total amount, which is 47000: $$ 0.03 \times 47000 $$
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Calculate the Result Now we can perform the multiplication: $$ 0.03 \times 47000 = 1410 $$
The final answer is $1410$.
More Information
Calculating percentages is a common task in finance, sales, and many everyday situations. Knowing how to convert a percentage to a decimal and then applying it can help with budgeting and financial decision-making.
Tips
- Confusing the percentage with the decimal form: Always remember to convert the percentage into decimal form by dividing by 100 before any calculations.
- Incorrect multiplication: Ensure that you multiply the correct decimal by the total amount, double-checking the numbers used.
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