A school awards 4 scholarships of $1000 each and 6 scholarships of $500 each. Wh

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Question: A school awards 4 scholarships of $1000 each and 6 scholarships of $500 each. What is the total value of all scholarships awarded?

Options:

Correct Answer: $8000

Solution:

Total value = (4 * 1000) + (6 * 500) = 4000 + 3000 = 7000.

A school awards 4 scholarships of $1000 each and 6 scholarships of $500 each. What is the total value of all scholarships awarded?

A school awards 4 scholarships of $1000 each and 6 scholarships of $500 each. What is the total value of all scholarships awarded?

Step 1: Identify the number of $1000 scholarships, which is 4.
Step 2: Calculate the total value of the $1000 scholarships by multiplying the number of scholarships (4) by the amount of each scholarship ($1000). This gives us 4 * 1000 = 4000.
Step 3: Identify the number of $500 scholarships, which is 6.
Step 4: Calculate the total value of the $500 scholarships by multiplying the number of scholarships (6) by the amount of each scholarship ($500). This gives us 6 * 500 = 3000.
Step 5: Add the total value of the $1000 scholarships (4000) to the total value of the $500 scholarships (3000). This gives us 4000 + 3000 = 7000.
Step 6: The total value of all scholarships awarded is 7000.

Arithmetic Operations – The question tests the ability to perform basic arithmetic operations, specifically multiplication and addition, to calculate the total value of scholarships.
Understanding of Value – The question assesses the understanding of how to calculate total monetary values based on given quantities and unit values.