The calculation of 990 multiplied by 1.075 is a straightforward mathematical operation. To perform this calculation, we simply multiply the two numbers together.
Calculation Process
The calculation involves multiplying 990 by 1.075. This can be done using a calculator or by hand. When multiplying decimals, it is essential to line up the decimal points correctly to ensure the accuracy of the calculation.
Step-by-Step Calculation
First, we multiply 990 by 1.075. The calculation can be broken down as follows: 990 * 1 = 990, 990 * 0.075 = 74.25. Then, we add these two results together: 990 + 74.25 = 1064.25.
| Calculation Component | Result |
|---|---|
| 990 * 1 | 990 |
| 990 * 0.075 | 74.25 |
| Total | 1064.25 |
In summary, the result of multiplying 990 by 1.075 is 1064.25. This calculation can be applied in various real-world scenarios, such as calculating a 7.5% increase in price or value.
Real-World Applications
The calculation of 990 multiplied by 1.075 has numerous real-world applications. For instance, in finance, it could represent a 7.5% increase in the value of an investment or a 7.5% sales tax on a $990 purchase. In business, it might be used to calculate the total cost of goods or services after applying a markup or discount.
Financial Example
Suppose an investor has 990 in a savings account that earns a 7.5% annual interest rate. At the end of the year, the investor would have 990 (initial deposit) + 74.25 (interest earned) = 1064.25. This example demonstrates how the calculation can be used to determine the future value of an investment based on its initial value and interest rate.
What is the result of multiplying 990 by 1.075?
+The result of multiplying 990 by 1.075 is 1064.25.
How can this calculation be applied in real-world scenarios?
+This calculation can be applied in various scenarios, such as calculating a 7.5% increase in price or value, determining the total cost after applying a markup or discount, or calculating the future value of an investment based on its initial value and interest rate.
In conclusion, understanding how to calculate 990 multiplied by 1.075 is essential for various applications, from finance and business to everyday calculations involving percentages. By recognizing the calculation as a simple multiplication and addition problem, or by applying the shortcut of adding 7.5% of the original number, individuals can quickly and accurately determine the result.
