Follow the Following Steps:
- Choose a large number (or sum of money).
- Move the decimal point one place to the left.
- Divide by 2 (take half of it).
Example-1:
- If the amount of money selected is $850:
- Move the decimal point one place to the left.: 85
- Divide by 2: 85/2 = 42.50
- So 5% of $850 = $42.50.
Example-2:
- If the amount of money selected is $4500:
- Move the decimal point one place to the left.: 450
- Divide by 2: 450/2 = 225
- So 5% of $4500 = $225.
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