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Part III- Percentage Problems

1. You currently have $4,500 saved in your bank account. You have decided to use $2700.

What percentage of your savings did you use? Show all your work to justify your answer.

2. An organization raises money for students who attend Berkeley College every year.

Currently, they have raised $11,250 which represents 45% of the money they raise.

Determine the amount of money the organization will raise in total. Show all your work

to justify your answer.

Sagot :

abidemiokin

The percentage of your savings that I use is 60%

This shows that the amount of money the organization will raise in total is $25,000.

1) Given

Total amount saved = $4500

Amount used = $2,700

Percentage of money used = Amount used/Total amount saved × 100%

[tex]Percentage \ of \ money \ used = \frac{2700}{4500} \times 100\\Percentage \ of \ money = \frac{27}{45} \times 100\\Percentage \ of \ money \ used = \frac{2700}{45} \\Percentage \ of \ money \ used = 60 \%[/tex]

Hence the percentage of your savings that I use is 60%

2) Let the amount of money the organization will raise in total be x

Since the 45% of the money they raise represents $11,250, hence:

[tex]45\% \ of \ x = \$11,250\\0.45x = 11,250\\x = \frac{11250}{0.45}\\ x = 25,000[/tex]

This shows that the amount of money the organization will raise in total is $25,000

Learn more on percentages here: https://brainly.com/question/18811795

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