5% of $1000.00
what is .05*1000?
yes
5% of 1000=(5/100)*1000=0.05*1000=50
To calculate 5% of $1000.00, you can follow these steps:
Step 1: Convert 5% to a decimal. Divide the percentage by 100.
5% ÷ 100 = 0.05
Step 2: Multiply the decimal by the amount you want to find the percentage of.
0.05 × $1000.00 = $50.00
So, 5% of $1000.00 is $50.00.