250.00
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5%
500,000 pennies is equal to $5,000 (Five Thousand Dollars)
"percent" means "out of 100"20 percent of 5000 is:20/100 x 5000 = 1000Correct - as far as it goes.But the question was not 20 percent of 5000, it was 20 percent of 5000 percent.So the answer is 1000 percent. And that, in turn, gives the correct answer of 10
5000 dollars.
To find 10 percent of a value, multiply the value by 0.1. In this instance, 0.1 x 5000 = 500. Therefore, 10 percent of 5000 dollars is equal to 500 dollars.