5% of 45,000
First, change the percent to a decimal by moving the decimal point two places to the left.
5% = 0.05
Then multiply: 0.05 * 45,000 = ?
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The word of means MULTIPLY.
5% becomes a decimal: 0.05
We now multiply:
0.05 x 45,000 = 2250
Done!
To find 5% of 45,000, you can follow these steps:
Step 1: Convert the percentage to a decimal. In this case, 5% is equivalent to 0.05 (since 5 divided by 100 equals 0.05).
Step 2: Multiply the decimal by the number you want to find the percentage of. Multiply 0.05 by 45,000:
0.05 x 45,000 = 2,250
Therefore, 5% of 45,000 is 2,250.