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Complete the following statement.\newline40%40\% of $5=$\$5 = \$_____

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Q. Complete the following statement.\newline40%40\% of $5=$\$5 = \$_____
  1. Convert to decimal: Convert 40%40\% to a decimal.\newline40%40\% as a decimal is 40100=0.40\frac{40}{100} = 0.40.\newlineCalculation: 4040 divided by 100100 equals 0.400.40.
  2. Calculate percentage of $\$55: Calculate 40%40\% of $\$55.\newline40%40\% of $\$55 is 0.40×5=$20.40 \times 5 = \$2.\newlineCalculation: 0.400.40 times 55 equals 22.