How to calculate commission amount from investment fund percentage and invested amount?
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The investment fund charges a % commission on the invested amount, and I want to invest $ ...
What commission will I pay?
Type of calculation: Calculating the percentage value of a given number (commission amount).
Calculator usage: Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the commission percentage as X (2) and the invested amount as Y (8000). The calculator will calculate 2% of 8000.
Explanation using a formula:
We are looking for the value of 2% of $8000.
Formula: (Percentage / 100) * Whole
Commission amount = (2 / 100) * $8000 = 0.02 * $8000 = $160
Calculator usage: Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the commission percentage as X (2) and the invested amount as Y (8000). The calculator will calculate 2% of 8000.
Explanation using a formula:
We are looking for the value of 2% of $8000.
Formula: (Percentage / 100) * Whole
Commission amount = (2 / 100) * $8000 = 0.02 * $8000 = $160
Answer: You will pay $ in commission.