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What is \(8 \%\) of 300 ?

Short Answer

Expert verified
The 8% of 300 is 24.

Step by step solution

01

Convert Percentage to Decimal

To convert the percentage to decimal, we will have to divide the percentage by 100. So, to convert 8% to decimal, we take 8 and divide it by 100. Which gives us \(0.08\).
02

Multiply the Decimal by the Whole Number

Now that we've converted the percentage to decimal, we can multiply this decimal by the whole number to find the value that represents this percentage of the whole number. In this case, we will take the decimal \(0.08\) and multiply it by the whole number, which is \(300\). Hence, \(0.08 \times 300 = 24\).
03

Interpret the Result

The result from the above calculation is the value that represents 8% of 300. So, 8% of 300 is 24. This means 24 makes up 8 of every 100 in 300.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Converting Percentages to Decimals
Understanding how to transform percentages into decimals is a fundamental skill in math. A percentage represents a fraction out of 100. To convert a percentage to a decimal, simply divide it by 100. This operation essentially moves the decimal point two places to the left.

For example, to convert 8% into a decimal, divide 8 by 100 to get 0.08. The essence of this process is that you are finding out the equivalent decimal form for a part per hundred of a whole. So remember the simple rule: divide the percentage by 100 and drop the percent sign to get the decimal equivalent.
Multiplying Decimals
Once you have a decimal, finding a certain percentage of a number is straightforward—it involves multiplication. Multiplying decimals follows the same basic principles as multiplying whole numbers, but you need to be careful with the position of the decimal point in the final answer.

To multiply decimals, simply multiply as if dealing with whole numbers, then count the total number of digits to the right of the decimal points in the factors. The product should have the same number of digits to the right of its decimal point. For example, multiplying 0.08 by 300 (which has no decimal digits), means the product, 24, will have two decimal digits, aligning with the original decimal places in 0.08.
Mathematical Problem Solving
Problem solving in mathematics goes beyond simply finding the correct answer; it involves a systematic approach to tackling mathematical challenges. First, identify what is given and what you need to find. In the example of finding 8% of 300, we first convert 8% to its decimal format as that is the required form for calculation.

Next, use appropriate mathematical operations—in this case, multiplication. Finally, interpret your result in the context of the problem, ensuring it makes sense. This three-step method can be applied to a wide array of mathematical problems, forming a solid foundation for any student's math skills.

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Most popular questions from this chapter

In Exercises 11-18, a. Determine the periodic deposit. Round up to the nearest dollar. b. How much of the financial goal comes from deposits and how much comes from interest? $$ \begin{array}{|l|l|l|l|} \hline \$ \text { ? at the end of every three months } & 3.5 \% \text { compounded quarterly } & 5 \text { years } & \$ 20,000 \end{array} $$

Exercises 3-4 involve credit cards that calculate interest using the average daily balance method. The monthly interest rate is \(1.2 \%\) of the average daily balance. Each exercise shows transactions that occurred during the June 1 -June 30 billing period. In each exercise, a. Find the average daily balance for the billing period. Round to the nearest cent. b. Find the interest to be paid on July 1, the next billing date. Round to the nearest cent. c. Find the balance due on July 1 . d. This credit card requires a \(\$ 30\) minimum monthly payment if the balance due at the end of the billing period is less than \(\$ 400\). Otherwise, the minimum monthly payment is \(\frac{1}{25}\) of the balance due at the end of the billing period, rounded up to the nearest whole dollar. What is the minimum monthly payment due by July 9? $$ \begin{array}{|l|c|} \hline \text { Transaction Description } & \text { Transaction Amount } \\ \hline \text { Previous balance, } \$ 2653.48 & \\ \hline \text { June } 1 \quad \text { Billing date } & \\ \hline \text { June } 6 \quad \text { Payment } & \$ 1000.00 \text { credit } \\\ \hline \text { June } 8 \quad \text { Charge: Gas } & \$ 36.25 \\ \hline \end{array} $$$$ \begin{array}{|ll|l|} \hline \text { June } 9 & \text { Charge: Groceries } & \$ 138.43 \\ \hline \text { June 17 } & \begin{array}{l} \text { Charge: Gas } \\ \text { Charge: Groceries } \end{array} & \$ 42.36 \\ \hline \text { June } 27 & \text { Charge: Clothing } & \$ 214.83 \\ \hline \text { June } 30 & \text { End of billing period } & \\ \hline \text { Payment } & \text { Due Date: July } 9 & \\ \hline \end{array} $$

In Exercises 1-10, use $$ P M T=\frac{P\left(\frac{r}{n}\right)}{\left[1-\left(1+\frac{r}{n}\right)^{-n t}\right]} . $$ Round answers to the nearest dollar. Suppose that you are buying a car for \(\$ 60,000\), including taxes and license fees. You saved \(\$ 10,000\) for a down payment. The dealer is offering you two incentives: Incentive \(\mathrm{A}\) is \(\$ 5000\) off the price of the car, followed by a five-year loan at \(7.34 \%\). Incentive B does not have a cash rebate, but provides free financing (no interest) over five years. What is the difference in monthly payments between the two offers? Which incentive is the better deal?10. Suppose that you are buying a car for \(\$ 56,000\), including taxes and license fees. You saved \(\$ 8000\) for a down payment. The dealer is offering you two incentives: Incentive \(A\) is \(\$ 10,000\) off the price of the car, followed by a four-year loan at \(12.5 \%\). Incentive B does not have a cash rebate, but provides free financing (no interest) over four years. What is the difference in monthly payments between the two offers? Which incentive is the better deal?

Sölve for \(P\) : $$ A=\frac{P\left[\left(1+\frac{r}{n}\right)^{n t}-1\right]}{\left(\frac{r}{n}\right)} . $$ What does the resulting formula describe?

Suppose that you drive 15,000 miles per year and gas averages \(\$ 3.50\) per gallon. a. What will you save in annual fuel expenses by owning a hybrid car averaging 60 miles per gallon rather than an SUV averaging 15 miles per gallon? b. If you deposit your monthly fuel savings at the end of each month into an annuity that pays \(5.7 \%\) compounded monthly, how much will you have saved at the end of six years?

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