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If a global organization has 12 member countries and each country contributes eq

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Question: If a global organization has 12 member countries and each country contributes equally to a fund of $240 million, how much does each country contribute? (2023)

Options:

  1. $15 million
  2. $20 million
  3. $25 million
  4. $30 million

Correct Answer: $20 million

Exam Year: 2023

Solution:

Contribution per country = Total fund / Number of countries = $240 million / 12 = $20 million.

If a global organization has 12 member countries and each country contributes eq

Practice Questions

Q1
If a global organization has 12 member countries and each country contributes equally to a fund of $240 million, how much does each country contribute? (2023)
  1. $15 million
  2. $20 million
  3. $25 million
  4. $30 million

Questions & Step-by-Step Solutions

If a global organization has 12 member countries and each country contributes equally to a fund of $240 million, how much does each country contribute? (2023)
  • Step 1: Identify the total amount of money in the fund, which is $240 million.
  • Step 2: Identify the number of member countries, which is 12.
  • Step 3: To find out how much each country contributes, divide the total fund by the number of countries.
  • Step 4: Perform the calculation: $240 million divided by 12.
  • Step 5: The result of the calculation is $20 million, which is the contribution from each country.
  • Division – The question tests the ability to perform division to find the contribution per country.
  • Understanding of Units – The question requires understanding of monetary units (millions) and their proper handling in calculations.
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