Determining a percentage of a given number is a fundamental mathematical operation with widespread applications. In this specific instance, calculating ten percent of seventeen thousand involves multiplying seventeen thousand by ten percent, or 0.10. The result of this computation is one thousand seven hundred. This calculation is a straightforward example of percentage calculation, commonly used in various fields.
The ability to accurately determine a fraction of a whole is crucial in finance, economics, statistics, and everyday life. Understanding how to calculate percentages allows for informed decision-making regarding discounts, interest rates, tax calculations, and statistical analysis. Historically, percentages have been used to represent proportions and ratios, providing a standardized way to compare different quantities or values.
