First, you convert 3% to 0.03 and then just multiply it by $23.00
It looks like this: 0.03 x $23.00 = 0.69 cents.
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It is $2.40.
$2.40
3% = 0.03 $500,000 * 0.03 = $15,000 $15,000 is your answer
27 cents
3 percent of 1100 dollars is 33 dollars.