A disaster relief fund has $500,000. If 30% is allocated for immediate response,

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Question: A disaster relief fund has $500,000. If 30% is allocated for immediate response, how much money is left for long-term recovery?

Options:

Correct Answer: $350,000

Solution:

Immediate response allocation = 30% of $500,000 = $150,000. Remaining = $500,000 - $150,000 = $350,000.

A disaster relief fund has $500,000. If 30% is allocated for immediate response, how much money is left for long-term recovery?

A disaster relief fund has $500,000. If 30% is allocated for immediate response, how much money is left for long-term recovery?

Step 1: Start with the total amount of the disaster relief fund, which is $500,000.
Step 2: Calculate 30% of $500,000 to find out how much money is allocated for immediate response.
Step 3: To find 30%, multiply $500,000 by 0.30 (which is the decimal form of 30%).
Step 4: The result of the multiplication is $150,000. This is the amount allocated for immediate response.
Step 5: Subtract the immediate response allocation ($150,000) from the total fund ($500,000) to find out how much is left.
Step 6: The remaining amount is $500,000 - $150,000, which equals $350,000.

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