financial literacy

Question

Emily spent $55 from her savings on a new dress . explain how to describe the change in Emily's savings balance in two different ways

Answer 1

Hi Angela-- you could look at the change in savings as a dollar amount: Savings minus 55 = smaller savings,

 

or as a percentage. Her savings decreased by x percent. (You have to use a letter to express it since we don't know how much money she had at first.)

 

Either way, I wish my wife's clothes cost only that much. :-)

 

Hope this helps.

 

Matt