A person A invested 37 and a half % of his savings in scheme xyz?
Explanation of a Person A investing 37.5% of his savings in Scheme XYZ
Introduction
Investing money is an important decision that requires careful consideration of various factors. A person A has decided to invest a portion of his savings in Scheme XYZ. In this response, we will explain what it means for a person A to invest 37.5% of his savings in Scheme XYZ.
Understanding the concept of percentage
Before we delve into the details of how much person A invested in Scheme XYZ, it is important to understand the concept of percentage. Percentage is a way of expressing a fraction or a proportion of a whole as a number out of 100. For example, 50% means 50 out of 100, or half of the whole.
Calculating the amount invested in Scheme XYZ
Person A invested 37.5% of his savings in Scheme XYZ. This means that he invested 37.5 out of 100 parts of his savings in the scheme. To calculate the amount of money he invested, we need to know how much he had saved.
For example, let's say Person A had saved $1000. To find out how much he invested in Scheme XYZ, we can use the following formula:
Amount invested = (Percentage ÷ 100) x Total savings
Substituting the values, we get:
Amount invested = (37.5 ÷ 100) x $1000
Amount invested = 0.375 x $1000
Amount invested = $375
Therefore, Person A invested $375 in Scheme XYZ.
Conclusion
In conclusion, investing 37.5% of savings in Scheme XYZ means that Person A invested 37.5 out of 100 parts of his savings in the scheme. To calculate the amount invested, we need to know how much he had saved and use the formula (Percentage ÷ 100) x Total savings. In our example, Person A invested $375 in Scheme XYZ.