George is about to celebrate his 25th birthday. Since his 15th birthday, he's been given a special $1 bill from his parents. They told him that on his 25th birthday, for every bill he still has, they will give him $1.5 in exchange. He spent 20% of his special bills. How much will he receive from his parents when he exchanges them? Let's be accurate as possible.
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He received 10 special bills because 25 - 15 = 10. He has 80% of them left because 100 - 20 = 80. He has 8 left because 10 x .8 = 8. His parents will give her $12 for them because 8 x 1.5 = 12.
The answer: 12.
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