Calculating a percentage of a number is a fundamental mathematical operation. In this specific instance, the objective is to determine the value that represents 5% of 56. This involves multiplying 56 by the decimal representation of 5%, which is 0.05. The result of this calculation is 2.8.
This type of calculation is essential in numerous practical applications, including finance, statistics, and everyday life. Understanding percentages allows for accurate interpretation of data, calculation of discounts, interest, and taxes, and informed decision-making. Historically, the concept of percentages evolved from Roman numerical systems and became increasingly prevalent with the growth of commerce and trade.