How much is one percent to hundred dollar

Mathematics

ScanSolve AI Answer

Step-by-step solution

3 steps

To find one percent of one hundred dollars, we use the formula:

Percent amount = (Percent / 100) × Total amount

  1. Identify the given values.

    Percent = 1%
    Total amount = $100

  2. Substitute the values into the formula.

    Percent amount = (1 / 100) × $100

  3. Calculate the result.

    Percent amount = 0.01 × $100 Percent amount = $1

    One percent of one hundred dollars is $1.

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