What is 5% of 53000?
Understand the Problem
The question is asking for 5% of 53,000. This involves calculating a percentage from a given number.
Answer
$2650$
Answer for screen readers
The final answer is $2650$.
Steps to Solve
- Identify the percentage to calculate
We need to find 5% of 53,000.
- Convert the percentage to a decimal
To convert the percentage to a decimal, divide by 100.
$$ 0.05 = \frac{5}{100} $$
- Multiply the decimal by the total amount
Now, multiply the decimal (0.05) by 53,000 to find the amount.
$$ Amount = 0.05 \times 53000 $$
- Perform the multiplication
Calculate the multiplication to get the final result.
$$ Amount = 2650 $$
The final answer is $2650$.
More Information
Calculating percentages is a common operation in various fields such as finance, statistics, and everyday calculations. Finding 5% is often used for calculating discounts or tax amounts.
Tips
- Forgetting to convert percentage to decimal: Always remember to divide the percentage by 100 before multiplying.
- Misplacing the decimal: Double-check your arithmetic to avoid errors in multiplication.
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