what is 3.5 of 90000

Natasha willow

less than a minute read

·

16-01-2025

14

0

Share

What is 3.5% of 90,000? A Step-by-Step Guide

Finding a percentage of a number is a common calculation used in many areas of life, from calculating discounts to determining tax amounts. This article will walk you through how to calculate 3.5% of 90,000, explaining the process step-by-step so you can easily understand and apply the method to other percentage calculations.

Understanding Percentages

A percentage is a fraction or ratio expressed as a number out of 100. For example, 3.5% means 3.5 out of 100, or 3.5/100. To calculate a percentage of a number, we convert the percentage to a decimal and then multiply it by the number.

Calculating 3.5% of 90,000

Here's how to calculate 3.5% of 90,000:

1. Convert the percentage to a decimal: To convert 3.5% to a decimal, divide it by 100: 3.5 / 100 = 0.035

2. Multiply the decimal by the number: Now, multiply the decimal (0.035) by 90,000: 0.035 * 90,000 = 3150

Therefore, 3.5% of 90,000 is $\boxed{3150}$.

Alternative Method: Using Fractions

You can also solve this using fractions. Remember that 3.5% is equivalent to 3.5/100. The calculation becomes:

(3.5/100) * 90000 = 3150

Both methods yield the same result.

Practical Applications

Understanding how to calculate percentages is essential in various real-world situations:

• Sales Tax: Calculating the amount of sales tax on a purchase.
• Discounts: Determining the price reduction during a sale.
• Tips: Calculating the appropriate tip amount in a restaurant.
• Commission: Calculating earnings based on a percentage of sales.
• Interest: Calculating simple interest on a loan or investment.

Mastering percentage calculations empowers you to handle financial situations with greater accuracy and confidence. This simple process, as demonstrated above, allows for quick and easy determination of any percentage of any number. Remember to always convert your percentage to a decimal before multiplying!