What is 5% of 1000?

What is the answer to 5% of 1000?

The answer to 5% of 1000 is 50.

Method 1: Tips

To solve this problem using Method 1, we need to convert the percentage to a fraction.

What is the multiplication formula for 5% of 1000?

The multiplication formula for 5% of 1000 is:

5% * 1000

Follow the steps to figure out the answer.

1. Convert 5% to a fraction: 5% = 5/100 = 1/20
2. Multiply the fraction by 1000: (1/20) * 1000 = 50

Step by step solution to the problem

1. Convert 5% to a fraction: 5% = 5/100 = 1/20
2. Multiply the fraction by 1000: (1/20) * 1000 = 50

Method 2: Tips

To solve this problem using Method 2, we need to convert the percentage to a decimal.

What is the multiplication formula for 5% of 1000?

The multiplication formula for 5% of 1000 is:

5% * 1000

Follow the steps to figure out the answer.

1. Convert 5% to a decimal: 5% = 0.05
2. Multiply the decimal by 1000: 0.05 * 1000 = 50

Step by step solution to the problem

1. Convert 5% to a decimal: 5% = 0.05
2. Multiply the decimal by 1000: 0.05 * 1000 = 50

How to convert percentages into fractions?

To convert a percentage into a fraction, follow these steps:

1. Write the percentage as a fraction with a denominator of 100.
2. Simplify the fraction if possible.

For example, to convert 25% into a fraction:

1. Write 25% as 25/100.
2. Simplify the fraction by dividing both the numerator and denominator by their greatest common divisor, which is 25. The simplified fraction is 1/4.

Therefore, 25% is equivalent to 1/4.

Examples on converting percentages into fractions

1. Convert 75% into a fraction. Solution: 75% = 75/100 = 3/4

2. Convert 10% into a fraction. Solution: 10% = 10/100 = 1/10

How to convert a percentage to a decimal?

To convert a percentage to a decimal, divide the percentage by 100.

For example, to convert 50% to a decimal:

50% = 50/100 = 0.5

Therefore, 50% is equivalent to 0.5.

Solved Examples on converting percentage to decimal

1. Convert 25% to a decimal. Solution: 25% = 25/100 = 0.25

2. Convert 75% to a decimal. Solution: 75% = 75/100 = 0.75

In conclusion, the answer to 5% of 1000 is 50. This can be calculated using either Method 1, by converting the percentage to a fraction, or Method 2, by converting the percentage to a decimal. Both methods yield the same result. Converting percentages to fractions and decimals is a useful skill in solving various math problems.