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A student wins a grant of $2500 and decides to save 25% of it. How much does he

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Question: A student wins a grant of $2500 and decides to save 25% of it. How much does he save? (2022)

Options:

  1. $500
  2. $600
  3. $700
  4. $800

Correct Answer: $500

Exam Year: 2022

Solution: 

Amount saved = 0.25 * 2500 = $625.

A student wins a grant of $2500 and decides to save 25% of it. How much does he

Practice Questions

Q1
A student wins a grant of $2500 and decides to save 25% of it. How much does he save? (2022)
  1. $500
  2. $600
  3. $700
  4. $800

Questions & Step-by-Step Solutions

A student wins a grant of $2500 and decides to save 25% of it. How much does he save? (2022)
  • Step 1: Identify the total amount of the grant, which is $2500.
  • Step 2: Determine the percentage 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 of the grant by the decimal. So, calculate 0.25 * 2500.
  • Step 5: Perform the multiplication: 0.25 * 2500 = 625.
  • Step 6: The amount saved by the student is $625.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Applying multiplication to find a portion of a total.
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