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If a person saves 20% of his salary and his salary is $2000, how much does he sa

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Question: If a person saves 20% of his salary and his salary is $2000, how much does he save?

Options:

  1. $300
  2. $400
  3. $500
  4. $600

Correct Answer: $400

Solution: 

Savings = 20% of $2000 = 0.20 * 2000 = $400.

If a person saves 20% of his salary and his salary is $2000, how much does he sa

Practice Questions

Q1
If a person saves 20% of his salary and his salary is $2000, how much does he save?
  1. $300
  2. $400
  3. $500
  4. $600

Questions & Step-by-Step Solutions

If a person saves 20% of his salary and his salary is $2000, how much does he save?
  • Step 1: Identify the total salary, which is $2000.
  • Step 2: Determine the percentage of the salary that is saved, which is 20%.
  • Step 3: Convert the percentage into a decimal by dividing by 100. So, 20% becomes 0.20.
  • Step 4: Multiply the salary by the decimal. So, calculate 0.20 * 2000.
  • Step 5: Perform the multiplication. 0.20 * 2000 equals $400.
  • Step 6: Conclude that the amount saved is $400.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Applying multiplication to find the result of the percentage calculation.
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