What is 6% of 70,000?

Understand the Problem

The question is asking for the calculation of 6% of 70,000. To solve this, we will calculate 6/100 multiplied by 70,000.

Answer

$4,200$
Answer for screen readers

The answer is $4,200$.

Steps to Solve

  1. Convert the percentage to a decimal

To calculate 6% as a decimal, divide by 100:

$$ 6% = \frac{6}{100} = 0.06 $$

  1. Multiply the decimal by the total amount

Now that we have the decimal, multiply it by the total amount, which is 70,000:

$$ 0.06 \times 70,000 $$

  1. Perform the multiplication

Now calculate the result of the multiplication:

$$ 0.06 \times 70,000 = 4,200 $$

The answer is $4,200$.

More Information

Calculating a percentage is often used in finance, such as when determining sales tax, tips, or discounts. Notably, 6% of $70,000 is a common calculation when assessing investment growth or expenses.

Tips

  • Forgetting to convert the percentage to a decimal before multiplying. Always remember to divide the percentage by 100.
  • Misplacing the decimal point during multiplication. Double-check your calculations for accuracy.

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