What is 5% of 500000?
Understand the Problem
The question is asking to find 5% of 500,000, which involves a simple calculation to determine the part of a whole.
Answer
25,000
Answer for screen readers
The final answer is 25,000
Steps to Solve
- Convert the percentage to a decimal
To convert 5% to a decimal, divide by 100.
$$ 5% = \frac{5}{100} = 0.05 $$
- Multiply the decimal by the total amount
Multiply 0.05 by 500,000 to find 5% of 500,000.
$$ 0.05 \times 500,000 $$
- Calculate the result
Perform the multiplication to find the answer.
$$ 0.05 \times 500,000 = 25,000 $$
The final answer is 25,000
More Information
Finding percentages is a useful skill in everyday life, from calculating discounts to understanding statistics.
Tips
A common mistake is to forget to convert the percentage to a decimal before multiplying. Always divide the percentage by 100 first.
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