What is the 5 percent of 1.2 million dollars?

Answer 1

To calculate 5 percent of 1.2 million dollars, you would first convert 5 percent to a decimal by dividing it by 100, which gives you 0.05. Then, you would multiply 1.2 million by 0.05 to find the answer. Therefore, 5 percent of 1.2 million dollars is $60,000.

Answer 2

You can find 1% of 1.2 million dollars by dividing by 100.

This is 1.200.000 / 100 = 12.000 dollars.

5% is then 5*12.000, or 60.000 dollars.