Question

Nathan wanted to save $400 for a new bicycle. He saved 110% of his goal amount. How do you write 110% as a fraction in simplest form and as a decimal. Has he saved enough money to buy the bicycle?

Answer 1

`110%` is `10%` (`0.1`) more than a whole. Thus, `110% = 1 1/10` or `(1*10+1)/10=11/10`.

As a decimal `110%` is `110/100 = 1.1`.

Nathan has saved enough money to buy the bicycle because `100%` of the money required is already enough to buy the bicycle; Nathan has saved `10%` more than the required `$400`, saving `1.1*$400 = $440`.