Hint: 6% x $1,000,000 / $1,000,000 – {20% x ($1,000,000 – (6% x $1,000,000))] = ?
To solve this equation, we'll break it down step by step.
Step 1: Calculate 6% of $1,000,000.
To do this, multiply $1,000,000 by 6% (which is expressed as a decimal, so 6% = 0.06):
($1,000,000) x (0.06) = $60,000
So, 6% of $1,000,000 is $60,000.
Step 2: Calculate $1,000,000 minus the result of 6% of $1,000,000.
Let's subtract $60,000 from $1,000,000:
$1,000,000 - $60,000 = $940,000
So, $1,000,000 minus $60,000 is $940,000.
Step 3: Calculate 20% of the result in Step 2.
To calculate 20% of $940,000, multiply $940,000 by 20% (which is expressed as a decimal, so 20% = 0.2):
($940,000) x (0.2) = $188,000
So, 20% of $940,000 is $188,000.
Step 4: Calculate the result of 20% of the difference between $1,000,000 and the result in Step 3.
Let's subtract $188,000 from $1,000,000:
$1,000,000 - $188,000 = $812,000
So, the difference between $1,000,000 and $188,000 is $812,000.
Step 5: Calculate 6% of $1,000,000.
We've already calculated this in Step 1, so the result is $60,000.
Step 6: Calculate $1,000,000 minus the result in Step 5.
Let's subtract $60,000 from $1,000,000:
$1,000,000 - $60,000 = $940,000
So, $1,000,000 minus $60,000 is $940,000.
Step 7: Calculate the result of Step 6 minus the result of Step 4.
Let's subtract $812,000 from $940,000:
$940,000 - $812,000 = $128,000
So, the result of $940,000 minus $812,000 is $128,000.
Step 8: Calculate 6% of $1,000,000.
We've already calculated this in Step 1, so the result is $60,000.
Step 9: Calculate the result of Step 8 divided by $1,000,000.
To find the division of $60,000 by $1,000,000, divide $60,000 by $1,000,000:
$60,000 / $1,000,000 = 0.06
So, the division of $60,000 by $1,000,000 is 0.06.
Step 10: Calculate Step 9 minus the result of Step 7.
Let's subtract $128,000 from 0.06:
0.06 - $128,000 = -127,999.94
So, the result of 0.06 minus $128,000 is approximately -127,999.94.
Therefore, the value of the given equation is approximately -127,999.94.