What is 5 percent of 125,000?
Understand the Problem
The question is asking for the calculation of 5 percent of 125,000. This is a straightforward percentage calculation that involves multiplying 125,000 by 0.05.
Answer
$6,250$
Answer for screen readers
The final answer is $6,250$.
Steps to Solve
- Convert the Percentage to Decimal
To work with percentages, we convert 5 percent into a decimal. This is done by dividing by 100.
$$ 5% = \frac{5}{100} = 0.05 $$
- Multiply by the Total Amount
Now, multiply the total amount, which is 125,000, by the decimal value we just found.
$$ 0.05 \times 125,000 $$
- Calculate the Final Amount
Now we perform the multiplication.
$$ 0.05 \times 125,000 = 6,250 $$
The final answer is $6,250$.
More Information
Calculating percentages is a common skill used in finance, shopping, and various everyday situations. Understanding how to convert percentages to decimals is crucial for these calculations.
Tips
- Not Converting to Decimal: Sometimes, people forget to convert the percentage to a decimal before multiplying. Always remember to divide by 100 first.
- Improper Multiplication: Ensure you multiply correctly, especially when dealing with large numbers. It’s useful to double-check your work.
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