Yes, that is correct.
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2.5% = .025
0.25 as a decimal - or 25/100 as a fraction (which simplifies to 1/4)
1 percent is less than 25 percent. 1 percent is greater than 0.25 percent.
1/425 percent as a fraction = 25/100 or 1/4 25% = 25%/100% = 25/100 or 1/4 in fraction25% = 25/100 or 1/4
2000. 80,000 x .025 = 2,000