what is 2.59 of 25 dollars

Natasha willow

less than a minute read

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16-01-2025

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Finding a percentage of a dollar amount is a common calculation in many situations, from calculating sales tax to determining discounts. This guide will walk you through how to calculate 2.59% of $25. We'll cover the method, show the work, and provide the answer.

Understanding Percentages

Before we begin, let's quickly refresh the concept of percentages. A percentage is a fraction of 100. So, 2.59% can be written as 2.59/100 or 0.0259.

Calculating 2.59% of $25

There are two main ways to calculate this:

Method 1: Using Decimal Conversion

1. Convert the percentage to a decimal: As mentioned above, 2.59% is equal to 0.0259.

2. Multiply the decimal by the dollar amount: Multiply 0.0259 by $25: 0.0259 * $25 = $0.6475

3. Round to the nearest cent: Since we're dealing with money, we'll round the result to the nearest cent. $0.6475 rounds to $0.65.

Method 2: Using Fractions

1. Convert the percentage to a fraction: 2.59% can be written as 2.59/100.

2. Multiply the fraction by the dollar amount: Multiply (2.59/100) by $25: (2.59/100) * $25 = $0.6475

3. Round to the nearest cent: Again, we round to the nearest cent, resulting in $0.65.

The Answer

Therefore, 2.59% of $25 is $\boxed{0.65}.

Practical Applications

Understanding how to calculate percentages is crucial in various real-world scenarios:

• Sales tax: Calculating the amount of sales tax added to a purchase.
• Discounts: Determining the amount of a discount on an item.
• Tips: Calculating a tip at a restaurant.
• Interest: Figuring out the interest earned on savings or paid on loans.
• Commission: Calculating commission earned on sales.

Mastering percentage calculations empowers you to make informed financial decisions and confidently navigate everyday situations involving money.