What is 5 of 750,000?
Understand the Problem
The question is asking to find 5% of 750,000. To solve this, we will calculate 5/100 multiplied by 750,000.
Answer
$37,500$
Answer for screen readers
The final answer is $37,500$.
Steps to Solve
- Convert Percentage to Decimal
To find 5% as a decimal, we divide 5 by 100:
$$ 5% = \frac{5}{100} = 0.05 $$
- Multiply the Decimal by the Total
Next, multiply the decimal representation of 5% by 750,000 to find 5% of that amount:
$$ 0.05 \times 750,000 $$
- Calculate the Result
Now, we perform the multiplication:
$$ 0.05 \times 750,000 = 37,500 $$
The final answer is $37,500$.
More Information
Finding percentages is a useful skill in various fields, such as finance, statistics, and everyday calculations. Here, calculating 5% of a large number can help in assessing discounts, tax rates, or growth percentages.
Tips
- Forgetting to Convert to Decimal: A common mistake is to forget to convert the percentage to a decimal before performing the multiplication. Always remember to divide by 100 first.
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