What is 0.5 percent of 500000?
Solution for 'What is 0.5% of 500000?'
In the following example consider that:
- The percentage figure is represented by X%
- The whole amount is represented by W
- The portion amount or part is represented by P
The following question is of the type "How much X percent of W", where W is the whole amount and X is the percentage figure or rate".
Let's say that you need to find 0.5 percent of 500000. What are the steps?
Step 1: first determine the value of the whole amount. We assume that the whole amount is 500000.
Step 2: determine the percentage, which is 0.5.
Step 3: Convert the percentage 0.5% to its decimal form by dividing 0.5 into 100 to get the decimal number 0.005:
0.5 = 0.005
Notice that dividing into 100 is the same as moving the decimal point two places to the left.
0.5 → 0.05 → 0.01
Step 4: Finally, find the portion by multiplying the decimal form, found in the previous step, by the whole amount:
0.005 x 500000 = 2500 (answer).
The steps above are expressed by the formula:
P = W × X%
This formula says that:
"To find the portion or the part from the whole amount, multiply the whole by the percentage, then divide the result by 100".
The symbol % means the percentage expressed in a fraction or multiple of one hundred.
Replacing these values in the formula, we get:
P = 500000 × 0.5 = 500000 × 0.005 = 2500 (answer)
Therefore, the answer is 2500 is 0.5 percent of 500000.