Convert 5 % to fraction which is 5/100
Multiply them
5/100 * 1/3500 = 5/350000
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To find 5 percent of a value, multiply the value by 0.05. In this instance, 0.05 x 70000 = $3500.
13% of 3500= 13% * 3500= 0.13 * 3500= 455
To find 8 percent of a number, multiply the number by 0.08. In this instance, 0.08 x 3500 = 280. Therefore, 8 percent of 3500 is equal to 280.
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