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Step 1:: To find 5% of 1,500, we first need to understand that "percent" means "per hundred." So, 5% is equivalent to the fraction \frac{5}{100}.
Step 2:: Now, we can rewrite the question as finding the product of \frac{5}{100} and 1,500.
5\% \times 1,500 = \frac{5}{100} \times 1,500
Step 3:: To perform the multiplication, multiply 5 by 1,500:
5 \times 1,500 = 7,500
Step 4:: Next, divide the result by 100:
\frac{7,500}{100} = 75
So, 5% of 1,500 is equal to 75.
Final Answer
5% of 1,500 is 75.
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