What is 3 Percent of 500000?

What is 3 percent of 500000?

Answer: 3 percent of 500000 is 15000. Alternatively, we can say that 15000 is equivalent to 3% of 500000.

Solution for What is 3 percent of 500000:

n = 3 percent of 500000

n = 3 % * 500000

n = \frac{3}{100} * 500000

n = \frac{3 * 500000}{100}

n = \frac{1500000}{100}

n = 15000

Now we have 3% of 500000 = 15000. Alternatively, we can express it as 3 percent of 500000 equals 15000.

The step-by-step process for finding what is 3 percent of 500000:

The mathematical calculation of 3% of 500000 can be broken down as follows:

3 percent * 500000
Convert this into an equation: (3 / 100) * 500000
Simplify the equation further: (3 * 500000) / 100
Carry out the calculation: 1500000 / 100
The final answer is: 15000

Thus, we conclude that 3% of 500000 is 15000.

Explanation for What is 3% of 500000:

Step 1: **3 percent * 500000**

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 500000 instead of 100.

Step 2: **(3 / 100) * 500000**

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 500000 to find out what 3% of 500000 would be.

Step 3: **(3 * 500000) / 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 500000 (our total amount), and then we divide that by 100.

Step 4: 1500000 / 100

The previous step gave us 1500000. 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 500000. That's why we divide 1500000 by 100.

Step 5: 15000

Finally, after dividing 1500000 by 100, we arrive at the answer: 15000. Hence, we can definitively say that 3% of 500000 equals 15000.

This guide aims to simplify the understanding of percentage calculations, focusing on the question "What is 3% of 500000?" Keep practicing with different numbers to hone your skills in percentage calculations. We hope this helps you in your quest for better mathematical understanding.