What is 5% of 1,000,000?
A percent is used to express a number as a fraction of 100. It is denoted using the symbol “%”,
Answer: 5% of 1,000,000 is 50,000.
To calculate 5% of any number, the number is multiplied by 0.05. In mathematics, a percentage is a way of expressing a number as a fraction of 100. Therefore, 5% is the same as 5/100, which is equal to 0.05.
When we apply this to 1,000,000, the calculation is as follows:
1,000,000 × 0.05 = 50,000
Hence, 50,000 is what we get after calculating 5% of 1,000,000.
This calculation is a basic yet crucial aspect of understanding percentages, which are widely used in various fields such as finance, statistics, and general mathematics. Percentages are particularly useful for expressing proportions and comparisons.