1. The problem is to find 5% of 16. 2. The formula to find a percentage of a number is: $$\text{Percentage value} = \frac{\text{percentage}}{100} \times \text{total value}$$ 3. Here, the percentage is 5% and the total value is 16. 4. Substitute the values into the formula: $$5\% \times 16 = \frac{5}{100} \times 16$$ 5. Simplify the fraction and multiply: $$= \frac{5}{\cancel{100}} \times 16 = \frac{5}{\cancel{100}} \times 16 = \frac{5 \times 16}{100} = \frac{80}{100}$$ 6. Simplify the fraction by dividing numerator and denominator by 20: $$\frac{\cancel{80}^{4}}{\cancel{100}^{5}} = \frac{4}{5} = 0.8$$ 7. Therefore, 5% of 16 is 0.8.