Hey!
To solve this problem, we'll first start by creating an equation.
Our Created Equation :

Now we'll solve it step by step to find the answer.
So we should begin by multiplying the to portion of our fraction.
400 x 60 = 24,000Next, we divide our answer by 100, since that is the next step to our equation.
24,000 ÷ 100 = 240So, our answer is...
Paul has already saved $240.00 of the $400.00 he must pay for a new bike.Hope this helps!
- Lindsey Frazier ♥