How much is 7% of 500?

Answer 1

To calculate 7% of 500, you can use the formula:

\[ \text{Percentage} = \frac{\text{Percentage Rate}}{100} \times \text{Total Amount} \]

Substituting the values:

\[ 7% \text{ of } 500 = \frac{7}{100} \times 500 = 0.07 \times 500 = 35 \]

So, 7% of 500 is 35.