Break it down first before you try to answer the question.
2 percent is equal to .02
"Of" means to multiply
"is" means equals
now combine all these together: .02*1600=32
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1600*20/100 = 320 dollars
$8000/5 = $1600
40% of $1,600 is $640.
8% of $2000 = 0.08 x $2000 = $1600
10 percent of 2 dollars is 20 cents.