What is 500 plus 1 percent?

What is 500 plus 1 percent (500 plus 1%)? Simply put, what do you get if you add 1 percent to 500? Here we will show you how to calculate 500 plus 1 percent using a two-step process.

Step 1) Calculate 1 percent of 500: To calculate 1 percent of 500, you multiply 1 by 500 and then divide the product you get by 100. Here is the math to illustrate:

1 x 500 = 500
500 / 100 = 5

Step 2) Add the 1 percent you calculated in Step 1 to 500. Here is the math to illustrate:

500 + 5 = 505

Therefore, the answer to "What is 500 plus 1 percent?" is:

505

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