If a student received an award of $3000 and decided to save 25% of it, how much

If a student received an award of $3000 and decided to save 25% of it, how much money will he save?

If a student received an award of $3000 and decided to save 25% of it, how much money will he save?

Step 1: Identify the total amount received by the student, which is $3000.
Step 2: Determine the percentage of the amount that the student wants to save, which is 25%.
Step 3: Convert the percentage into a decimal. 25% as a decimal is 0.25.
Step 4: Multiply the total amount by the decimal to find out how much money will be saved. This means calculating 0.25 * 3000.
Step 5: Perform the multiplication: 0.25 * 3000 = 750.
Step 6: Conclude that the amount saved by the student is $750.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Basic Arithmetic – Applying multiplication to find the product of a percentage and a total amount.