What is 5% of 72000?
Understand the Problem
The question is asking for the calculation of 5% of 72000. To solve it, we will multiply 72000 by 0.05.
Answer
The answer is \( 3600 \).
Answer for screen readers
The final answer is ( 3600 ).
Steps to Solve
- Convert the percentage to decimal
To calculate 5% as a decimal, we divide by 100:
$$ 0.05 = \frac{5}{100} $$
- Multiply by the total amount
Now, multiply the decimal by the total amount (72000):
$$ 72000 \times 0.05 $$
- Calculate the product
Perform the multiplication:
$$ 72000 \times 0.05 = 3600 $$
The final answer is ( 3600 ).
More Information
5% of an amount represents a small fraction, and calculating it helps in many practical applications such as finance, discounts, and statistics.
Tips
- A common mistake is not converting the percentage to a decimal before multiplying. Always remember to divide by 100.
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