\begin{tabular}{l} What is \( 5.23 \% \) of \( 61.15 ? \) \\ \hline 1,200 \\ 300 \\ 30 \\ 12 \\ 3 \\ 3 \\ 3\end{tabular}

To find \( 5.23\% \) of \( 61.15 \), you can convert the percentage to a decimal by dividing by 100, which gives you \( 0.0523 \). Then, multiply this decimal by \( 61.15 \): \[ 0.0523 \times 61.15 = 3.198145 \] Rounding to two decimal places, \( 5.23\% \) of \( 61.15 \) is approximately \( 3.20 \). Now, let’s add a bit of fun! Did you know that percentages have a rich history? The term "percent" comes from the Latin phrase "per centum," meaning "by the hundred." It was used in financial transactions as early as the 15th century, revolutionizing the way we handle money and calculations! If you're looking to avoid common mistakes when calculating percentages, remember to always convert the percentage to a decimal first. Many people forget this crucial step and might directly multiply the percentage with the number. This tiny mistake can lead to answers that are way off the mark!