What is 8 of 500000?
Understand the Problem
The question is asking for the calculation of 8 percent of 500,000. This will involve performing a percentage calculation.
Answer
$40,000$
Answer for screen readers
The final answer is $40,000$.
Steps to Solve
- Identify the percentage and the amount
We need to calculate 8% of 500,000. Here, 8% is the percentage and 500,000 is the amount.
- Convert the percentage to a decimal
To calculate the percentage, first convert 8% into a decimal. This is done by dividing by 100: $$ 0.08 = \frac{8}{100} $$
- Multiply the decimal by the amount
Now, multiply the decimal by the amount to find the result: $$ Result = 0.08 \times 500,000 $$
- Calculate the final result
Perform the multiplication: $$ Result = 40,000 $$
The final answer is $40,000$.
More Information
Calculating percentages is a common task in finance, where determining a certain percent of a total amount is often needed. In this case, knowing that 8% of 500,000 is 40,000 may help in understanding commissions or interest calculations.
Tips
- Confusing percentage conversion: Remember to divide the percentage by 100 to convert it into a decimal.
- Misplaced decimal points: Be careful when performing calculations involving large numbers to avoid errors in placement.
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