To find one-half percent of [tex]$540, follow these steps:
1. Understand the percentage: One-half percent (0.5%) is the same as 0.5 divided by 100, which gives us a decimal equivalent of 0.005.
2. Convert the percentage to a fraction or a decimal: We already established that 0.5% is equivalent to 0.005 in decimal form.
3. Multiply the amount by the decimal form of the percentage: To find one-half percent of $[/tex]540, you multiply [tex]$540 by 0.005.
4. Perform the multiplication:
\[
540 \times 0.005 = 2.7
\]
Therefore, one-half percent of $[/tex]540 is $2.70.
