Question

a recent survey conducted by a financial planning website asked, \if you receive a tax refund, what will you do?\ twenty percent of respondents said they would pay down their debt. express the number of people who would pay down their debt in terms of the number of people surveyed. (let n be the number of people surveyed.)

Explanation:

Step1: Convert percentage to decimal

To find the number of people who would pay down debt, we need to convert 20% to a decimal. 20% is equivalent to \(20\div100 = 0.2\).

Step2: Calculate the number of people

If \(N\) is the number of people surveyed, then the number of people who said they would pay down debt is \(0.2\times N\).

Answer:

\(0.2N\)