3 percent of 40000 can be written as 20 percent * 40000 =
Use the percentage formulae (P% × Y = X) to find out 3% of 40000
P is 3, Y is 40000, so the equation will be 3% × 40000 = X
Percentage calculation with steps:
X = ( 3 * 40000 ) / 100
X = 120000 / 100
X = 1200