What is 5% of $62?

Study for the TABE Math Test. Practice with flashcards and multiple-choice questions, each question offers hints and explanations. Get ready for your exam!

Multiple Choice

What is 5% of $62?

Explanation:
The main idea is converting a percentage to a decimal and multiplying by the number. 5% means 0.05, so 5% of 62 is 62 × 0.05 = 3.10. You can see it another way: 1% of 62 is 0.62, and five times that is 3.10; or 10% of 62 is 6.2, and half of that is 3.1. In dollars, that’s $3.10, which matches the value you’re looking for.

The main idea is converting a percentage to a decimal and multiplying by the number. 5% means 0.05, so 5% of 62 is 62 × 0.05 = 3.10. You can see it another way: 1% of 62 is 0.62, and five times that is 3.10; or 10% of 62 is 6.2, and half of that is 3.1. In dollars, that’s $3.10, which matches the value you’re looking for.

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