What is 5 percent of 70000?
Answer: 5 percent of 70000 is 3500. Alternatively, we can say that 3500 is equivalent to 5% of 70000.
Solution for What is 5 percent of 70000:
Now we have 5% of 70000 = 3500. Alternatively, we can express it as 5 percent of 70000 equals 3500.
The step-by-step process for finding what is 5 percent of 70000:
The mathematical calculation of 5% of 70000 can be broken down as follows:
- 5 percent * 70000
- Convert this into an equation: (5 / 100) * 70000
- Simplify the equation further: (5 * 70000) / 100
- Carry out the calculation: 350000 / 100
- The final answer is: 3500
Thus, we conclude that 5% of 70000 is 3500.
Explanation for What is 5% of 70000:
Step 1: 5 percent * 70000
Think of percent as parts out of 100. So, when we say 5 percent, it's like having 5 parts out of a total of 100. What we want to do now is find out what those 5 parts would be if our total was 70000 instead of 100.
Step 2: (5 / 100) * 70000
This is like dividing our 5 parts into 100. It's as if we have 100 pieces of candy and we only want 5 of those pieces. That gives us 0.5 or 5 hundredths. Now we multiply those 5 parts (or 0.5) by 70000 to find out what 5% of 70000 would be.
Step 3: (5 * 70000) / 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 5 (our 5 parts) by 70000 (our total amount), and then we divide that by 100.
Step 4: 350000 / 100
The previous step gave us 350000. 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 70000. That's why we divide 350000 by 100.
Step 5: 3500
Finally, after dividing 350000 by 100, we arrive at the answer: 3500. Hence, we can definitively say that 5% of 70000 equals 3500.
This guide aims to simplify the understanding of percentage calculations, focusing on the question "What is 5% of 70000?" Keep practicing with different numbers to hone your skills in percentage calculations. We hope this helps you in your quest for better mathematical understanding.
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