Remember that \( 1 \% \) of a number is \( \frac{1}{100} \) of that number. What part of a number is the given percent? \( 5 \% \)
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Bonus Knowledge
To find \( 5\% \) of a number, you can multiply the number by \( 0.05 \) or equivalently by \( \frac{5}{100} \). So, if your number is \( x \), then \( 5\% \) of \( x \) is calculated as \( 0.05 \times x \) or \( \frac{5}{100} \times x = \frac{x}{20} \). Thus, \( 5\% \) of a number is \( \frac{1}{20} \) of that number. In everyday scenarios, this concept comes in handy, especially when calculating discounts while shopping or determining tips in restaurants! For example, if you’re at a café and the bill is $40, just take 5% to figure out a quick tip: multiply \( 40 \times 0.05 \), and voila, a $2 tip will make the server smile!