If a student receives an award of $500 for achieving the highest score in mathem
Practice Questions
Q1
If a student receives an award of $500 for achieving the highest score in mathematics, and this amount is increased by 20% in the next year, what will be the new award amount? (2021)
$600
$550
$500
$650
Questions & Step-by-Step Solutions
If a student receives an award of $500 for achieving the highest score in mathematics, and this amount is increased by 20% in the next year, what will be the new award amount? (2021)
Step 1: Start with the original award amount, which is $500.
Step 2: Calculate 20% of the original amount. To do this, multiply 500 by 20 and then divide by 100: (20/100) * 500 = 100.
Step 3: Add the 20% amount (which is $100) to the original award amount ($500). So, $500 + $100 = $600.
Step 4: The new award amount after the increase is $600.
Percentage Increase – Understanding how to calculate a percentage increase on a given amount.
Basic Arithmetic – Applying basic addition and multiplication to find the new amount.
