What is 5% of 165,000?
Understand the Problem
The question is asking for the value of 5% of 165,000. This can be calculated by multiplying 165,000 by 0.05.
Answer
$8,250$
Answer for screen readers
The value of 5% of 165,000 is $8,250$.
Steps to Solve
- Convert the percentage to a decimal
To calculate 5%, convert the percentage to a decimal by dividing by 100.
$$ 5% = \frac{5}{100} = 0.05 $$
- Multiply by the total amount
Now, multiply the decimal by the total amount, which is 165,000.
$$ 0.05 \times 165,000 $$
- Calculate the final value
Performing the multiplication will give you the value of 5% of 165,000.
$$ 0.05 \times 165,000 = 8,250 $$
The value of 5% of 165,000 is $8,250$.
More Information
Calculating percentages is a common financial task, and understanding how to convert percentages to decimals is crucial for many real-world applications, such as calculating discounts, taxes, or profits.
Tips
- Forgetting to convert the percentage to a decimal before multiplication can lead to incorrect results. Always remember to divide by 100 first.
- Miscalculating the multiplication, so it's important to double-check your calculation.
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