What Does 74 Percent of 50 Mean?
Understanding Percentages and their Calculation
Percentages are a fundamental concept in mathematics and everyday life. They are used to express a portion or fraction of a whole in relation to 100. The term “percent” comes from the Latin word “per centum,” which means “per hundred.”
To comprehend what 74 percent of 50 means, we need to break down the calculation. The percentage signifies a fraction of the whole value of 50.
Calculating 74 Percent of 50
To find out what 74 percent of 50 is, we multiply 50 by the decimal form of 74 percent. In this case, 74 percent can be written as 0.74, as a decimal. To calculate, we perform the following multiplication:
50 x 0.74 = 37.
Therefore, 74 percent of 50 equals 37.
Applications and Examples
Understanding percentages is crucial in various aspects of life. Here are a few examples of how percentages are commonly used:
1. Discounts and Sales: When
shopping, stores often offer discounts expressed as a percentage off the original price. For instance, a shirt initially priced at $50 with a 20 percent discount would be reduced by $10, resulting in a final price of $40.
2. Grades and Scores: In education, percentages are used to assign grades to students. For example, if a student scores 85 percent on a test, it means they answered 85 percent of the questions correctly.
3. Interest Rates: Financial institutions use percentages to determine interest rates for loans and savings accounts. For instance, a bank offering an annual interest rate of 4 percent on a savings account means that the account balance will increase by that percentage each year.
Knowing how to calculate percentages allows us to comprehend and analyze various real-life scenarios involving parts of a whole or changes in quantities.
Conclusion
In conclusion, understanding percentages is fundamental for everyday life, as they allow us to express a fraction of a whole in relation to 100. Calculating what 74 percent of 50 means, we determined that it is equal to 37. Percentages find their application in various contexts, such as discounts, grades, and interest rates. A solid grasp of percentages enables better decision-making and comprehension of the world around us.
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