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A scholarship fund of $10,000 is to be distributed equally among 5 students. How

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Question: A scholarship fund of $10,000 is to be distributed equally among 5 students. How much does each student receive? (2000)

Options:

  1. $1500
  2. $2000
  3. $2500
  4. $3000

Correct Answer: $2000

Exam Year: 2000

Solution: 

Each student receives = $10,000 / 5 = $2000.

A scholarship fund of $10,000 is to be distributed equally among 5 students. How

Practice Questions

Q1
A scholarship fund of $10,000 is to be distributed equally among 5 students. How much does each student receive? (2000)
  1. $1500
  2. $2000
  3. $2500
  4. $3000

Questions & Step-by-Step Solutions

A scholarship fund of $10,000 is to be distributed equally among 5 students. How much does each student receive? (2000)
  • Step 1: Identify the total amount of the scholarship fund, which is $10,000.
  • Step 2: Identify the number of students who will receive the scholarship, which is 5.
  • Step 3: To find out how much each student receives, divide the total amount by the number of students: $10,000 ÷ 5.
  • Step 4: Perform the division: $10,000 ÷ 5 = $2,000.
  • Step 5: Conclude that each student receives $2,000.
  • Division – The process of distributing a total amount equally among a number of recipients.
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