What is 5% of 500?

To find 5% of 500, you can follow a straightforward calculation. Percentages are essentially a way to express a number as a fraction of 100. So, when we say 5%, we mean 5 out of every 100. To calculate this, you can use a simple formula: multiply the total amount by the percentage (expressed as a decimal).

Breaking Down the Calculation

Here’s how you can do it step by step:

• First, convert the percentage into a decimal. To do this, divide 5 by 100, which gives you 0.05.
• Next, multiply this decimal by the total amount, which is 500 in this case.

Performing the Calculation

Now, let’s do the math:

0.05 (which is 5%) × 500 = 25

So, 5% of 500 is 25.

Understanding the Concept Further

To put this into perspective, think of it like this: if you had 500 dollars and you wanted to give away 5% of it, you would be giving away 25 dollars. This can be particularly useful in various real-life scenarios, such as calculating discounts, taxes, or tips.

Real-World Applications

For example, if you were shopping and found a 5% discount on a $500 item, you would save $25. This kind of calculation is essential for budgeting, financial planning, and understanding sales promotions.

In summary, calculating percentages is a valuable skill that can help you make informed decisions in everyday life. In this case, 5% of 500 is clearly 25, and understanding how to arrive at that number can empower you in various financial situations.