what is the percent decrease when the balance in a bank account goes from $300 to $60? the percent decrease…

what is the percent decrease when the balance in a bank account goes from $300 to $60? the percent decrease is 20%. the percent decrease is 25%. the percent decrease is 80%. the percent decrease is 87%.

what is the percent decrease when the balance in a bank account goes from $300 to $60? the percent decrease is 20%. the percent decrease is 25%. the percent decrease is 80%. the percent decrease is 87%.

Answer

Explanation:

Step1: Calculate the amount of decrease

$300 - 60=240$

Step2: Use the percent - decrease formula

Percent decrease = $\frac{\text{Amount of decrease}}{\text{Original amount}}\times100%$. Substitute the values: $\frac{240}{300}\times100%$.

Step3: Simplify the fraction and multiply by 100%

$\frac{240}{300}=0.8$, and $0.8\times100% = 80%$

Answer:

The percent decrease is 80%.