What is 3 Percent of 500?

What is 3 percent of 500?

Answer: 3 percent of 500 is 15. Alternatively, we can say that 15 is equivalent to 3% of 500.

Solution for What is 3 percent of 500:

n = 3 percent of 500

n = 3 % * 500

n = \frac{3}{100} * 500

n = \frac{3 * 500}{100}

n = \frac{1500}{100}

n = 15

Now we have 3% of 500 = 15. Alternatively, we can express it as 3 percent of 500 equals 15.

The step-by-step process for finding what is 3 percent of 500:

The mathematical calculation of 3% of 500 can be broken down as follows:

3 percent * 500
Convert this into an equation: (3 / 100) * 500
Simplify the equation further: (3 * 500) / 100
Carry out the calculation: 1500 / 100
The final answer is: 15

Thus, we conclude that 3% of 500 is 15.

Explanation for What is 3% of 500:

Step 1: **3 percent * 500**

Think of percent as parts out of 100. So, when we say 3 percent, it's like having 3 parts out of a total of 100. What we want to do now is find out what those 3 parts would be if our total was 500 instead of 100.

Step 2: **(3 / 100) * 500**

This is like dividing our 3 parts into 100. It's as if we have 100 pieces of candy and we only want 3 of those pieces. That gives us 0.3 or 3 hundredths. Now we multiply those 3 parts (or 0.3) by 500 to find out what 3% of 500 would be.

Step 3: **(3 * 500) / 100**

This is an alternative calculation. Instead of doing it in two steps like we did before, we can also do it in one step. First, we multiply 3 (our 3 parts) by 500 (our total amount), and then we divide that by 100.

Step 4: 1500 / 100

The previous step gave us 1500. But remember we were pretending our total was 100? Now we have to divide by 100 to get back to the number for our real total, which is 500. That's why we divide 1500 by 100.

Step 5: 15

Finally, after dividing 1500 by 100, we arrive at the answer: 15. Hence, we can definitively say that 3% of 500 equals 15.

This guide aims to simplify the understanding of percentage calculations, focusing on the question "What is 3% of 500?" Keep practicing with different numbers to hone your skills in percentage calculations. We hope this helps you in your quest for better mathematical understanding.