What amount is 20% more than 1500?.
The Correct answer and Explanation is :
The correct answer is: 1800
To find 20% more than 1500, we first need to calculate what 20% of 1500 is.
- Calculate 20% of 1500:
- To find 20%, we multiply 1500 by 0.20 (the decimal equivalent of 20%):
[
20\% \, \text{of} \, 1500 = 1500 \times 0.20 = 300
]
- Add the result to the original amount:
- Now, we add this 20% (300) to the original amount (1500):
[
1500 + 300 = 1800
]
Thus, 20% more than 1500 is 1800.
Explanation
Calculating percentages is a fundamental skill in both mathematics and everyday situations. Percentages represent a fraction of 100 and are widely used in various fields, including finance, statistics, and science. When we say “20% of a number,” we are essentially asking how much that number represents when divided into 100 equal parts.
In our example, starting with 1500, we aimed to increase this amount by 20%. This is a common scenario in financial contexts, such as determining sales prices, tax calculations, or evaluating increases in budgets or expenses.
To find a percentage of a number, we convert the percentage into decimal form by dividing it by 100. Hence, 20% becomes 0.20. We then multiply this decimal by the base number (1500) to find the specific portion of that number we need to add.
After calculating 20% (which was 300), we add this to the original amount. The final result of 1800 indicates that when you increase 1500 by 20%, you arrive at this new total. Understanding how to calculate increases in this manner can be valuable for budgeting, financial planning, and many everyday transactions, making it an essential skill.