If a student is awarded a grant of $5000 and uses 40% for tuition fees, how much

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Question: If a student is awarded a grant of $5000 and uses 40% for tuition fees, how much is left for other expenses? (2000)

Options:

Correct Answer: $2500

Exam Year: 2000

Solution:

Amount used for tuition = 40% of $5000 = $2000. Amount left = $5000 - $2000 = $3000.

If a student is awarded a grant of $5000 and uses 40% for tuition fees, how much is left for other expenses? (2000)

If a student is awarded a grant of $5000 and uses 40% for tuition fees, how much is left for other expenses? (2000)

Step 1: Identify the total grant amount, which is $5000.
Step 2: Calculate 40% of the total grant amount for tuition fees. This is done by multiplying $5000 by 0.40.
Step 3: Perform the multiplication: $5000 * 0.40 = $2000. This is the amount used for tuition fees.
Step 4: Subtract the amount used for tuition fees from the total grant amount to find out how much is left for other expenses. This is done by calculating $5000 - $2000.
Step 5: Perform the subtraction: $5000 - $2000 = $3000. This is the amount left for other expenses.

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