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If a person saves 15% of his monthly income of $2000, how much does he save? (20

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Question: If a person saves 15% of his monthly income of $2000, how much does he save? (2000)

Options:

  1. $300
  2. $250
  3. $200
  4. $350

Correct Answer: $300

Exam Year: 2000

Solution: 

Savings = 15% of $2000 = 0.15 × 2000 = $300.

If a person saves 15% of his monthly income of $2000, how much does he save? (20

Practice Questions

Q1
If a person saves 15% of his monthly income of $2000, how much does he save? (2000)
  1. $300
  2. $250
  3. $200
  4. $350

Questions & Step-by-Step Solutions

If a person saves 15% of his monthly income of $2000, how much does he save? (2000)
  • Step 1: Identify the monthly income, which is $2000.
  • Step 2: Determine the percentage to save, which is 15%.
  • Step 3: Convert the percentage to a decimal by dividing by 100. So, 15% becomes 0.15.
  • Step 4: Multiply the monthly income by the decimal. So, calculate 0.15 × 2000.
  • Step 5: Perform the multiplication: 0.15 × 2000 = 300.
  • Step 6: The amount saved is $300.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Applying multiplication to find the result of the percentage calculation.
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