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How Much Is 3 Percent

How Much Is 3 Percent

How Much Is 3 Percent

Imagine a planet in the galaxy of a thousand other planets that are just like ours. Our planet has 3 percent of the population of that planet. Put another way, our planet has 1,000 people in it, while that planet has 999 people in it.

Divide

That gives you the annual interest, but you are going to pay it in monthly instalments. That means that each year’s payment has to be divided by 12 (in practice, your mortgage company will probably do it by day, so that it will alter slightly each month, but this should be close enough for budgeting purposes).

To calculate percentages, start by writing the number you want to turn into a percentage over the total value so you end up with a fraction. Then, turn the fraction into a decimal by dividing the top number by the bottom number. Finally, multiply the decimal by 100 to find the percentage. (Source: percentagecalculator.guru)

Percent

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But is anyone with a calculator going to do that these days? And aren't there more important things to learn about percent? Like how to take 25% of $412 without writing anything! Take half of 50%, which is $206. 25% is $103. (Source: themathpage.com)

Value

To calculate percentages, start by writing the number you want to turn into a percentage over the total value so you end up with a fraction. Then, turn the fraction into a decimal by dividing the top number by the bottom number. Finally, multiply the decimal by 100 to find the percentage.

You have been quoted commission of $7.50 on the sale of a table. The sale price is $150. Another company has quoted you commission of 4.5%. You want to know which is better value. (Source: www.skillsyouneed.com)

 

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