Question

Bong's savings in February was P9,500 and his savings in May was

P7,300. What was the percentage decrease in Bong's savings? Solution:

Answer 1

To find the percentage decrease in Bong's savings from February to May, subtract the later savings from the earlier, then divide by the earlier savings and multiply by 100. Bong's savings decreased by ₱2,200, resulting in a percentage decrease of 23.15%.

Step-by-step explanation:

To calculate the percentage decrease in Bong's savings from February to May, we start by finding the difference in savings between these two months. We subtract the May savings (₱7,300) from the February savings (₱9,500), which gives us ₱(9,500 - 7,300) = ₱2,200. This is the decrease in savings.

To find the percentage decrease, we divide the decrease by the original amount (February savings) and multiply by 100 to get the percentage. The formula is as follows:

Percentage Decrease = ​(change in savings)/(original savings) × 100

​Percentage Decrease = (₱2,200)/(₱9,500) × 100

​Percentage Decrease = 0.2315 × 100

​Percentage Decrease = 23.15%

Therefore, the percentage decrease in Bong's savings from February to May was 23.15%.

Answer 2

Answer: 23.16%

Step-by-step explanation: 7300/9500 can be simplified to 73/95 which gives us 76.84%. subtract that from 100 and you get 23.16