20%
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0.2 x $40,000 = $8,000
1 percent of 40000 = 4001% of 40000= 1% * 40000= 0.01 * 40000= 400
3 percent of 40000 percent = 12
22% of 40000= 22% * 40000= 0.22 * 40000= 8800
3.15% of 40000= 3.15% * 40000= 0.0315 * 40000= 1260