1% of 500 equal to 5
Calculation steps:
( 1 ÷ 100 ) x 500 = 5
Formula
(1 ÷ 100) x 500 = 5
Percent to decimal
1% to decimal is 1 ÷ 100 = 0.01
Multiply decimal with the other number
0.01 x 500 = 5
Example