Question

hiwot has birr 46,000 in her amount if she plans to invest 26% of her saving in establishing a kindergarten find the amount required​

Answer 1

The percentage of the amount in the account required for the fund

expressed as a percentage, gives the fraction to be used for the fund.

Correct response:

• The amount required is birr 11,960

Method used to calculate the fund amount

Given:

The amount in Hiwot's account = birr 46,000

The percentage she plans to invest in a kindergarten fund = 26%

Required:

The amount of money required.

Solution:

The amount required, A, is given by 26% of birr 46,000 which is calculated as follows;

• $\displaystyle A = \frac{26}{100} \times 46,000 = \mathbf{11,960}$

• The amount required = birr 11,960

Learn more about percentages here:

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