To find the percentage of $40,000,000 that equals $8,000,000, you can use the formula:
\[ \text{Percentage} = \left( \frac{\text{Part}}{\text{Whole}} \right) \times 100 \]
Here, the part is $8,000,000 and the whole is $40,000,000.
Now, plug in the values:
\[ \text{Percentage} = \left( \frac{8,000,000}{40,000,000} \right) \times 100 \]
Calculating the fraction:
\[ \frac{8,000,000}{40,000,000} = 0.2 \]
Then, multiply by 100 to convert it to a percentage:
\[ 0.2 \times 100 = 20 \]
So, the complete statement is:
20% of $40,000,000 = $8,000,000
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