0.05 of 25: Understanding Percentage Calculations
In this article, we will explore the concept of percentage calculations, specifically focusing on the calculation of 0.05 of 25.
What is a Percentage?
A percentage is a way to express a value as a fraction of 100. It is a ratio of a part to the whole, where the whole is represented by 100. Percentages are commonly used to represent proportions, rates, and ratios in various fields such as mathematics, science, economics, and finance.
Calculating 0.05 of 25
To calculate 0.05 of 25, we need to convert the percentage to a decimal value and then multiply it by the number.
Step 1: Convert the Percentage to a Decimal
To convert 0.05 to a decimal, we can simply divide by 100:
0.05 ÷ 100 = 0.0005
Step 2: Multiply by the Number
Now, we multiply the decimal value by 25:
0.0005 × 25 = 1.25
Answer
Therefore, 0.05 of 25 is equal to 1.25.
Real-World Applications
Percentage calculations like this are commonly used in various real-world applications, such as:
- Discounts: A store offers a 5% discount on all products. If a product costs $25, the discount would be $1.25.
- Interest Rates: A bank offers an annual interest rate of 0.05% on a deposit of $25. The interest earned would be $1.25.
- Statistics: In a survey, 0.05% of respondents answered "yes" to a particular question. If the total number of respondents is 25, the number of respondents who answered "yes" would be 1.25.
In conclusion, calculating 0.05 of 25 involves converting the percentage to a decimal value and then multiplying it by the number. This simple calculation has numerous applications in various fields, making it an essential skill to master.
