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A school awards 3 scholarships of $2000 each. If the total budget for scholarshi

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Question: A school awards 3 scholarships of $2000 each. If the total budget for scholarships is $7000, how much money is left after awarding the scholarships?

Options:

  1. $1000
  2. $500
  3. $2000
  4. $3000

Correct Answer: $1000

Solution: 

Total awarded = 3 * 2000 = $6000. Money left = 7000 - 6000 = $1000.

A school awards 3 scholarships of $2000 each. If the total budget for scholarshi

Practice Questions

Q1
A school awards 3 scholarships of $2000 each. If the total budget for scholarships is $7000, how much money is left after awarding the scholarships?
  1. $1000
  2. $500
  3. $2000
  4. $3000

Questions & Step-by-Step Solutions

A school awards 3 scholarships of $2000 each. If the total budget for scholarships is $7000, how much money is left after awarding the scholarships?
  • Step 1: Identify the amount of each scholarship, which is $2000.
  • Step 2: Determine how many scholarships are being awarded, which is 3.
  • Step 3: Calculate the total amount awarded by multiplying the number of scholarships by the amount of each scholarship: 3 * 2000.
  • Step 4: The total amount awarded is $6000.
  • Step 5: Identify the total budget for scholarships, which is $7000.
  • Step 6: Calculate the remaining money by subtracting the total amount awarded from the total budget: 7000 - 6000.
  • Step 7: The remaining money is $1000.
  • Basic Arithmetic – The question tests the ability to perform basic multiplication and subtraction to determine the remaining budget after awarding scholarships.
  • Budgeting – Understanding how to manage and calculate remaining funds after expenses.
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