Question

Imani increased her 401k contributions which decreased her net pay from $637 to 588 determine the percent that imanis net pay was decreased

Answer 1

Imani's net pay was decreased by approximately 8%.

Step-by-step explanation:

To determine the percent that Imani's net pay was decreased, we can use the formula:

Percent decrease = ((Original value - New value) / Original value) * 100

Given that Imani's net pay decreased from $637 to $588, we can substitute these values into the formula:

Percent decrease = (($637 - $588) / $637) * 100

Calculating this expression, we find that Imani's net pay was decreased by approximately 8%.