A student received a scholarship of $1500. If he spends 40% of it on tuition fee

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Question: A student received a scholarship of $1500. If he spends 40% of it on tuition fees, how much money does he have left? (2022)

Options:

Correct Answer: $900

Exam Year: 2022

Solution:

Amount spent on tuition = 40% of 1500 = 0.4 * 1500 = $600. Amount left = 1500 - 600 = $900.

A student received a scholarship of $1500. If he spends 40% of it on tuition fees, how much money does he have left? (2022)

A student received a scholarship of $1500. If he spends 40% of it on tuition fees, how much money does he have left? (2022)

Step 1: Identify the total amount of the scholarship, which is $1500.
Step 2: Calculate 40% of the scholarship amount. To do this, multiply 1500 by 0.4 (which is the decimal form of 40%).
Step 3: Perform the multiplication: 0.4 * 1500 = $600. This is the amount spent on tuition fees.
Step 4: Subtract the amount spent on tuition from the total scholarship amount. So, $1500 - $600 = $900.
Step 5: The amount of money left after spending on tuition fees is $900.

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