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8% of X is the same as saying .08 * X. .08 * 24.5=1.96
They're the same.
40,000, just multiply 500,000 by .08 (same thing as 8%) so... 500,000x.08=40,000
15
I could ask you the same question while answering it at the same time. "What is XII-VIII-MCMXXXVI in English numbers?"