What is 5 percent of 20000?

Understand the Problem

The question is asking for the calculation of 5 percent of 20000, which involves finding a percentage of a given number.

Answer

1000
Answer for screen readers

5 percent of 20000 is 1000

Steps to Solve

  1. Convert the percentage to a decimal

To convert 5% to a decimal, divide by 100:

$$ \frac{5}{100} = 0.05 $$

  1. Multiply the decimal by the given number

Now, multiply 0.05 by 20000:

$$ 0.05 imes 20000 = 1000 $$

5 percent of 20000 is 1000

More Information

Finding percentages can be useful in various areas, like calculating discounts, interest rates, and population statistics.

Tips

A common mistake is to forget to convert the percentage to a decimal by dividing by 100.

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