What Is 6 Percent Of 60?

Understanding Percentages

Before we delve into the calculation of 6 percent of 60, it’s important to understand the concept of percentages. A percentage is a way of expressing a fraction or a portion of a whole as a number out of 100. For example, if we say that 20 out of 100 students in a class got an A grade, it means that 20% of the students received an A.

Calculating 6 Percent of 60

Now, let’s move on to the calculation of 6 percent of 60. To find out what 6 percent of 60 is, we need to first convert 6 percent into a decimal. We do this by dividing 6 by 100, which gives us 0.06. Next, we multiply 0.06 by 60, which gives us the answer. Using a calculator, we can easily find out that 6 percent of 60 is 3.6.

Why Knowing Percentages is Important

Percentages are used in many aspects of our daily lives, from calculating discounts during sales to determining the interest rate on loans. Being able to calculate percentages quickly and accurately can save you time and money.

Tip: Use Proportions to Calculate Percentages

Another way to calculate percentages is by using proportions. To find out what 6 percent of 60 is using proportions, we can set up the following equation: 6 / 100 = x / 60 Here, x represents the unknown value we’re trying to find. To solve for x, we cross-multiply and simplify the equation: 6 * 60 = 100 * x 360 = 100x x = 3.6 This method is particularly useful when dealing with more complex percentage calculations.

Real-Life Examples of Percentages

Let’s take a look at some real-life examples of how percentages are used.

Example 1: Sales Discounts

During a sale, a store offers a discount of 20% on all items. If an item originally costs $50, what is the discounted price? To find out, we can use the following equation: 20 / 100 = x / 50 Cross-multiplying and solving for x, we get: 20 * 50 = 100 * x 1000 = 100x x = 10 So, the discounted price of the item is $40.

Example 2: Loan Interest Rates

If you take out a loan with an interest rate of 5% per year, how much interest will you pay on a $10,000 loan after one year? To find out, we can use the following equation: 5 / 100 = x / 10,000 Cross-multiplying and solving for x, we get: 5 * 10,000 = 100 * x 50,000 = 100x x = 500 So, after one year, you will pay $500 in interest on the loan.

Conclusion

In conclusion, understanding percentages and being able to calculate them is an important skill that can come in handy in many situations. To find out what 6 percent of 60 is, we can use the decimal method or the proportion method. In either case, the answer is 3.6.