Asked in Math and ArithmeticMathematical FinancePercentages, Fractions, and Decimal Values
What is 20 percent of twelve thousand one hundred dollars?
July 15, 2014 12:21AM
I never saw much point in giving the answer to a mathematical question if the person didn't explain how to get to that answer.
With calculators today many mathematical equations are easy to figure, but I am a strong believer in the person understanding the formula and how it works, not just typing numbers into a calculator and magically getting an answer.
The question is what is 20% of $12,100. First we must change the percentage to a decimal, this is easily done by moving the decimal place to spaces to the left (the % represents the decimal). Therefore it gives us .20
Then simply multiply $12,100 x .20
12,100 x .20 = 2,420
Since we know we are dealing in dollars the answer is $2,420