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If a student is awarded a scholarship of $1200 and decides to save 40% of it, ho

Practice Questions

Q1
If a student is awarded a scholarship of $1200 and decides to save 40% of it, how much will he save?
  1. $480
  2. $500
  3. $600
  4. $700

Questions & Step-by-Step Solutions

If a student is awarded a scholarship of $1200 and decides to save 40% of it, how much will he save?
  • Step 1: Understand that the student has a scholarship of $1200.
  • Step 2: Know that the student wants to save 40% of the scholarship amount.
  • Step 3: Convert 40% into a decimal. 40% is the same as 0.40.
  • Step 4: Multiply the scholarship amount by the decimal. Calculate 0.40 * 1200.
  • Step 5: Perform the multiplication: 0.40 * 1200 = 480.
  • Step 6: Conclude that the amount saved by the student is $480.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
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