15% of $364: A Simple Calculation
Have you ever struggled to calculate a percentage of a number? Well, you're in luck because today, we're going to solve a simple problem: 15% of $364.
What does 15% mean?
Before we dive into the calculation, let's quickly understand what 15% means. The percent sign (%) is a symbol used to represent a proportion of 100. In other words, 15% is equivalent to 15/100 or 0.15.
The Calculation
To find 15% of $364, we can use the following formula:
(15/100) × $364 = ?
Step 1: Convert the percentage to a decimal
First, we need to convert 15% to a decimal by dividing by 100:
15 ÷ 100 = 0.15
Step 2: Multiply the decimal by the number
Next, we multiply the decimal by $364:
0.15 × $364 = ?
Step 3: Perform the multiplication
Now, let's perform the multiplication:
0.15 × $364 = $54.60
The Answer
And there you have it! 15% of $364 is $54.60.
In conclusion, calculating a percentage of a number is a straightforward process. By converting the percentage to a decimal and multiplying it by the number, you can easily find the answer. In this case, 15% of $364 is $54.60.
