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A student receives a $2000 award and decides to save 50% of it. How much does he

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Question: A student receives a $2000 award and decides to save 50% of it. How much does he save? (2021)

Options:

  1. $800
  2. $1000
  3. $1200
  4. $1500

Correct Answer: $1000

Exam Year: 2021

Solution: 

Amount saved = 50% of 2000 = 0.5 * 2000 = $1000.

A student receives a $2000 award and decides to save 50% of it. How much does he

Practice Questions

Q1
A student receives a $2000 award and decides to save 50% of it. How much does he save? (2021)
  1. $800
  2. $1000
  3. $1200
  4. $1500

Questions & Step-by-Step Solutions

A student receives a $2000 award and decides to save 50% of it. How much does he save? (2021)
  • Step 1: Identify the total amount of the award, which is $2000.
  • Step 2: Determine the percentage the student wants to save, which is 50%.
  • Step 3: Convert the percentage into a decimal. 50% as a decimal is 0.5.
  • Step 4: Multiply the total amount by the decimal. Calculate 0.5 * 2000.
  • Step 5: Perform the multiplication. 0.5 * 2000 equals $1000.
  • Step 6: Conclude that the amount saved is $1000.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Applying multiplication to find the result of a percentage.
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