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If a student is awarded a cash prize of $2000 and spends 30% of it, how much mon

Practice Questions

Q1
If a student is awarded a cash prize of $2000 and spends 30% of it, how much money does he have left? (2000)
  1. $1400
  2. $1200
  3. $1000
  4. $1600

Questions & Step-by-Step Solutions

If a student is awarded a cash prize of $2000 and spends 30% of it, how much money does he have left? (2000)
  • Step 1: Identify the total cash prize amount, which is $2000.
  • Step 2: Calculate 30% of the cash prize. To do this, multiply $2000 by 0.30 (which is the decimal form of 30%).
  • Step 3: Perform the multiplication: $2000 * 0.30 = $600. This is the amount spent.
  • Step 4: Subtract the amount spent from the total cash prize. So, $2000 - $600 = $1400.
  • Step 5: The amount of money the student has left is $1400.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Subtraction – Performing subtraction to find the remaining amount after spending.
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