If a student is awarded a cash prize of $2000 and spends 25% of it on books, how

If a student is awarded a cash prize of $2000 and spends 25% of it on books, how much money does he have left? (2000)

If a student is awarded a cash prize of $2000 and spends 25% of it on books, how much money does he have left? (2000)

Step 1: Identify the total cash prize amount, which is $2000.
Step 2: Calculate 25% of $2000 to find out how much the student spends on books.
Step 3: To find 25% of $2000, multiply $2000 by 0.25 (which is the decimal form of 25%).
Step 4: The calculation is $2000 * 0.25 = $500. This is the amount spent on books.
Step 5: Subtract the amount spent on books from the total cash prize to find out how much money is left.
Step 6: The calculation is $2000 - $500 = $1500. This is the amount of money the student has left.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Subtraction – Performing basic subtraction to find the remaining amount after an expenditure.