What is the percent decrease when a bank account balance drops from $300 to $60?

To determine the percent decrease when a bank account balance goes from $300 to $60, we can follow these steps:

1. Calculate the decrease in balance:

   The decrease in balance is calculated by subtracting the final balance from the initial balance.

   Decrease = Initial Balance – Final Balance

   Decrease = $300 – $60 = $240

2. Calculate the percent decrease:

   The percent decrease is found by dividing the decrease by the initial balance and then multiplying by 100 to express it as a percentage.

   Percent Decrease = (Decrease / Initial Balance) × 100

   Percent Decrease = ($240 / $300) × 100

   Percent Decrease = 0.8 × 100 = 80%

So, the percent decrease when the bank account balance drops from $300 to $60 is 80%.