Question

Ronnie wants to lower his utility bills to save money on his monthly expenses. he discovers that if he replaces his water heater with a solar water heater his monthly utility bills can decrease around 50% to 85%. at the end of the year ronnie wants to calculate the percentage his new solar water heater saved him in the utility bills compared to last year. ronnie's total utility expenses for this year are $862.40 and last year the utility expenses were $1935.67. what percentage did ronnie save on his utlility bills by switching to a solar water heater? a. 44.5% b. 97.8% c. 55.4% d. 67.5% please select the best answer from the choices provided a b c d

Answer 1

c. 55.4%

Explanation:

We calculate what percentage this year's bill of $862.40 is compared to last year's bill of $1935.67.

862.4/1935.67 × 100% = 44.55304%

Since this year's bill is 44.6% of last year's bill, the percent saved is

100% - 44.6% = 55.4%

Answer: c. 55.4%