Imagine you received a bonus of $283 at work, and you decide to invest 93% of it into a savings account. You want to know how much money you are putting into savings.
Solution:
Amount saved = Bonus amount * Percentage saved / 100
Amount saved = (93 * 283) / 100
Amount saved = $2.83
Simply put, when you receive a bonus of $283 and decide to save 93%, you will save $2.83.
Calculating a 20% Tip on a $283 Bill:
Convert the percentage to a decimal: \( \frac{20}{100} = 0.2 \)
Multiply by the total amount: \( 283 \times 0.2 = 56.60 \)
Tip amount: $56.60
Finding 15% Discount on a $283 Item:
Convert the percentage to a decimal: \( \frac{15}{100} = 0.15 \)
Multiply by the total amount: \( 283 \times 0.15 = 42.45 \)
Discount amount: $42.45
Final price after discount: \( 283 - 42.45 = 240.55 \)