Question

what is 62% of $500?

Explanation:

Step1: Convert percentage to decimal

To find a percentage of a number, we first convert the percentage to a decimal. We do this by dividing the percentage by 100. So, \( 62\% = \frac{62}{100} = 0.62 \).

Step2: Multiply the decimal by the number

Now, we multiply this decimal by the given number (\( \$500 \)) to find the result. The formula for finding a percentage of a number is \( \text{Percentage of a number} = \text{Decimal form of percentage} \times \text{Number} \). So, \( 0.62\times500 = 310 \).

Answer:

\( \$310 \)