If a scheme provides ₹1000 per month to 500 families for 6 months, what is the t

If a scheme provides ₹1000 per month to 500 families for 6 months, what is the total amount disbursed?

If a scheme provides ₹1000 per month to 500 families for 6 months, what is the total amount disbursed?

Step 1: Identify the monthly amount given to each family, which is ₹1000.
Step 2: Identify the number of families receiving the amount, which is 500 families.
Step 3: Identify the duration for which the amount is given, which is 6 months.
Step 4: Calculate the total amount for one month by multiplying the monthly amount by the number of families: ₹1000 * 500 = ₹500,000.
Step 5: Calculate the total amount for 6 months by multiplying the total amount for one month by the number of months: ₹500,000 * 6 = ₹3,000,000.
Step 6: Convert the total amount into lakhs if needed: ₹3,000,000 is equal to ₹3 lakhs.

Multiplication of Quantities – The question tests the ability to multiply a monthly payment by the number of families and the duration in months to find the total disbursed amount.
Understanding of Currency and Units – The question requires understanding of currency (₹) and the conversion between different units (months, families).