What Is 3.5 Percent Of 250,000?

Introduction

Are you having trouble figuring out what 3.5 percent of 250,000 is? Do not worry, you are not alone. In this article, we will break down the calculation and provide you with a step-by-step guide on how to solve this problem.

Understanding Percentages

Before we dive into the calculation, it is essential to understand the concept of percentages. A percentage is a fraction expressed as a part of 100. Therefore, 3.5 percent can be written as 0.035 or 3.5/100.

The Calculation

To calculate 3.5 percent of 250,000, we first need to convert 3.5 percent to a decimal. As mentioned earlier, 3.5 percent can be written as 0.035. Now, we can multiply 0.035 by 250,000 to get the answer.

0.035 x 250,000 = 8,750

Therefore, 3.5 percent of 250,000 is 8,750.

Real-World Examples

Understanding percentages and how to calculate them is not only essential in math class but also in everyday life. Let us look at some real-world examples where knowing percentages can be useful.

Discounted Prices

Retail stores often offer discounts on their products, and the discount is usually given as a percentage. For example, a store may offer a 25 percent discount on a shirt that costs $40. To calculate the discounted price, we need to find 25 percent of $40, which is $10. Therefore, the discounted price of the shirt would be $30.

Taxes and Tips

In the United States, sales tax and tips are usually given as a percentage of the total bill. For instance, if the sales tax is 8 percent and the bill is $100, the amount of tax would be $8. Similarly, if you want to leave a 15 percent tip on a $50 bill, the tip amount would be $7.50.

Conclusion

In conclusion, calculating percentages can be a useful skill to have in everyday life. To calculate 3.5 percent of 250,000, we need to convert the percentage to a decimal and multiply it by 250,000. The answer is 8,750. Remember, percentages are everywhere, and understanding how to use them can save you time and money.