A country has a budget of $1.5 billion for international aid. If it allocates 40

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Question: A country has a budget of $1.5 billion for international aid. If it allocates 40% of this budget to education, how much is allocated to education?

Options:

$600 million
$700 million
$800 million
$900 million

Correct Answer: $600 million

Solution:

Amount allocated to education = 40% of $1.5 billion = 0.4 * 1.5 billion = $600 million.

A country has a budget of $1.5 billion for international aid. If it allocates 40

Practice Questions

A country has a budget of $1.5 billion for international aid. If it allocates 40% of this budget to education, how much is allocated to education?

$600 million
$700 million
$800 million
$900 million

Questions & Step-by-Step Solutions

A country has a budget of $1.5 billion for international aid. If it allocates 40% of this budget to education, how much is allocated to education?

Step 1: Understand the total budget for international aid, which is $1.5 billion.
Step 2: Identify the percentage of the budget allocated to education, which is 40%.
Step 3: Convert the percentage into a decimal for calculation. 40% as a decimal is 0.4.
Step 4: Multiply the total budget by the decimal. Calculate 0.4 * 1.5 billion.
Step 5: Perform the multiplication. 0.4 * 1.5 equals 0.6.
Step 6: Convert the result back to millions. Since 1 billion is 1000 million, 0.6 billion is 600 million.
Step 7: Conclude that the amount allocated to education is $600 million.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Budget Allocation – Applying budgetary percentages to determine specific allocations.

A country has a budget of $1.5 billion for international aid. If it allocates 40

What’s inside this PDF?

A country has a budget of $1.5 billion for international aid. If it allocates 40

Practice Questions

Questions & Step-by-Step Solutions

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