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Miguel is saving towards the purchase of a used car. The price of the car is $3,400, and Miguel has saved $1,496 so far. What percent of the total cost has he saved? Explain how you found your answer.

Respuesta :

Total amount that Miguel need to save for the purchase of the car = $3400
Amount that Miguel has saved up = $ 1496

The percentage of amount that Miguel has saved up can be calculated as:

(Amount that he has saved up)/(Total amount needed to purchase the car) x 100 %

Using the values, we get:

Percent of total cost he saved = [tex] \frac{1496}{3400} * 100[/tex]%

Percent of total cost he saved = 44%

Thus, Miguel has saved 44% of the cost needed to buy the car

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