To find 5 percent of 230,000, you can use the following simple calculation:
Calculation:
5% of 230,000 = (5 / 100) × 230,000
5% of 230,000 = 0.05 × 230,000
5% of 230,000 = 11,500
Explanation:
To calculate 5 percent of 230,000, you first convert the percentage to a decimal by dividing it by 100. This gives you 0.05. Then, you multiply this decimal by 230,000 to get the result. Therefore, 5 percent of 230,000 is 11,500.