If a student wins a scholarship of $1500 and spends 30% of it on books, how much

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Question: If a student wins a scholarship of $1500 and spends 30% of it on books, how much money does the student have left? (2023)

Options:

Correct Answer: $1050

Exam Year: 2023

Solution:

Amount spent on books = 30/100 * 1500 = 450. Amount left = 1500 - 450 = $1050.

If a student wins a scholarship of $1500 and spends 30% of it on books, how much money does the student have left? (2023)

If a student wins a scholarship of $1500 and spends 30% of it on books, how much money does the student have left? (2023)

Step 1: Identify the total amount of the scholarship, which is $1500.
Step 2: Calculate 30% of the scholarship amount to find out how much is spent on books. This is done by multiplying 30 by 1500 and then dividing by 100.
Step 3: Perform the calculation: 30/100 * 1500 = 450. This means the student spends $450 on books.
Step 4: Subtract the amount spent on books from the total scholarship amount to find out how much money is left. This is done by calculating 1500 - 450.
Step 5: Perform the subtraction: 1500 - 450 = 1050. Therefore, the student has $1050 left.

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