5 Percent of 15 Lakhs: Calculation and Explanation
What is 5 percent of 15 lakhs?
To find 5 percent of 15 lakhs, we need to calculate 5% of 1,50,000.
The Calculation:
To calculate 5 percent of 15 lakhs, we can use the following formula:
(5/100) × 1,50,000 = ?
The Answer:
(5/100) × 1,50,000 = 7,500
So, 5 percent of 15 lakhs is ₹7,500.
Understanding Percentages:
A percentage is a way to express a value as a fraction of 100. In this case, 5 percent means 5 out of every 100 units. To calculate a percentage, we divide the percentage value by 100 and multiply it by the total amount.
Real-World Applications:
Calculating percentages is an essential skill in various aspects of life, such as:
- Finance: Understanding percentages is crucial in finance to calculate interest rates, investment returns, and discounts.
- Business: Percentages are used to calculate profit margins, discounts, and sales tax.
- Education: Students use percentages to calculate grades, scores, and marks.
In conclusion, calculating 5 percent of 15 lakhs is a simple mathematical operation that requires an understanding of percentages. By applying the formula, we can easily find the answer, which is ₹7,500.
