What is this calculation?

Question

2% of £6,432,840.12

if you dont know exact answer, then approx.

Answer 1

just divide the thing by 50 and u get ur answer. 2%=2/100 = 1/50

Answer 2

it is about L128,000 or $233,000.

Answer 3

Convert 2% into a decimal (or a fraction)

2% = 2/100 = 0.02

Multiply this by the amount:

0.02 x 6,432,840.12 = 128,656.8024

Since you can't have fractional pence, round accordingly to the nearest pence.

Answer:

£128,656.80

P.S.  A quick way to get the answer would be to double it and divide by 100 (move the decimal two places to the left).