5.5% = 0.055
0.055 * 24 = 1.32
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No 5 percent is five times 1 percent just a 5 is 5 times 1. Half of 1 percent is 0.5 percent.
An easy way to do this in your head is to find 10% first- just move the decimal one place to the left. 10% of 24 = 2.45% is half of 10%, so half of 2.4. So, 5% of 24 = 1.2If you have a calculator, you could just multiply 24 by 0.05
50% is half...
5 percent is less than one half
Expressed as a percentage, 5/24 is equal to 20.83 recurring (that is, 20.83333...) percent.