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The concept of percentages originated in ancient civilizations, with early uses traced back to Babylonian mathematics around 2000 BC, where they calculated interest rates. However, the modern usage of percentages became more formalized in Europe during the late Middle Ages and the Renaissance, particularly in commercial contexts such as banking and trade. The term "percentage" itself comes from the Italian "per cento," meaning "by the hundred," reflecting its mathematical foundation.

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5d ago

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