Final answer:
The statement is false; to find 0.5% of a number, you multiply it by 0.005, not 5/100. Converting 0.5% to a decimal gives us 0.005, which when used to multiply with the number gives the correct result.
Step-by-step explanation:
The statement "You can find 0.5% of a number by multiplying the number by 5/100" is false. To find 0.5% of a number, you multiply the number by 0.005, which is actually 5/1000 or 1/200. A percent can be converted to a decimal by writing the value of the percent as a fraction with a denominator of 100 and dividing the numerator by the denominator. Therefore, if we convert 0.5% to a decimal, we divide 0.5 by 100, getting 0.005. As an example, to calculate 0.5% of 200, we would do 200 * 0.005 = 1.