Well 0.5 means a half so you would make 0.5 to 1/2. After this you would divide 1 by 2 to get 50%.
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0.05 percent = 5 hundredths percent
NO
50%
1 is less than 5 or did you mean .05 percent or even .5 percent? then yes 1 is greater than those.
500.00(0.05) = 25, to the justified number of significant digits.