A government scheme aims to provide financial assistance of ₹2000 per month to 1

A government scheme aims to provide financial assistance of ₹2000 per month to 1500 families. What is the total expenditure for one year? (2000)

A government scheme aims to provide financial assistance of ₹2000 per month to 1500 families. What is the total expenditure for one year? (2000)

Step 1: Identify the monthly financial assistance amount, which is ₹2000.
Step 2: Identify the number of families receiving assistance, which is 1500 families.
Step 3: Calculate the total monthly expenditure by multiplying the monthly assistance by the number of families: ₹2000 * 1500.
Step 4: Calculate the total monthly expenditure: ₹2000 * 1500 = ₹3,000,000.
Step 5: Identify the number of months in a year, which is 12 months.
Step 6: Calculate the total expenditure for one year by multiplying the total monthly expenditure by the number of months: ₹3,000,000 * 12.
Step 7: Calculate the total expenditure for one year: ₹3,000,000 * 12 = ₹36,000,000.
Step 8: Convert the total expenditure into lakhs: ₹36,000,000 is equal to ₹36 lakhs.

Multiplication of Monthly Assistance – Calculating total financial assistance by multiplying the monthly amount by the number of families and the number of months in a year.
Understanding of Large Numbers – Converting and interpreting large numbers, such as lakhs and millions, correctly.