What is 5% of 275000?
Understand the Problem
The question is asking to find what 5% of 275,000 is. This implies a calculation where we need to take 5 percent of the given number.
Answer
$13,750$
Answer for screen readers
The answer is $13,750$.
Steps to Solve
- Convert Percentage to Decimal
To find 5% of a number, we first convert the percentage into decimal form.
To convert 5% into a decimal, we divide by 100: $$ 5% = \frac{5}{100} = 0.05 $$
- Multiply by the Given Number
Now, we multiply the decimal form of the percentage by the number we want to find the percentage of, which is 275,000.
So, we perform the calculation: $$ 0.05 \times 275,000 $$
- Calculate the Result
Now we compute the multiplication: $$ 0.05 \times 275,000 = 13,750 $$
The answer is $13,750$.
More Information
Finding a percentage is a common calculation in finance and everyday life. Understanding how to convert percentages into decimals is key for similar problems.
Tips
- A common mistake is forgetting to convert the percentage into decimal form before calculation. Always remember to divide the percentage by 100 first.
