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A school awards 4 scholarships worth $1000 each. If the total budget for scholar

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Question: A school awards 4 scholarships worth $1000 each. If the total budget for scholarships is $5000, how much money is left after awarding the scholarships?

Options:

  1. $1000
  2. $2000
  3. $3000
  4. $4000

Correct Answer: $2000

Solution: 

Total budget is $5000. Total awarded is 4 * $1000 = $4000. Remaining money is $5000 - $4000 = $1000.

A school awards 4 scholarships worth $1000 each. If the total budget for scholar

Practice Questions

Q1
A school awards 4 scholarships worth $1000 each. If the total budget for scholarships is $5000, how much money is left after awarding the scholarships?
  1. $1000
  2. $2000
  3. $3000
  4. $4000

Questions & Step-by-Step Solutions

A school awards 4 scholarships worth $1000 each. If the total budget for scholarships is $5000, how much money is left after awarding the scholarships?
  • Step 1: Identify the total budget for scholarships, which is $5000.
  • Step 2: Determine how much each scholarship is worth, which is $1000.
  • Step 3: Calculate the total amount awarded by multiplying the number of scholarships (4) by the amount of each scholarship ($1000). This gives us 4 * $1000 = $4000.
  • Step 4: Subtract the total amount awarded ($4000) from the total budget ($5000) to find the remaining money. This gives us $5000 - $4000 = $1000.
  • Budgeting – Understanding how to calculate remaining funds after expenses.
  • Multiplication – Calculating total awarded scholarships by multiplying the number of scholarships by the amount each is worth.
  • Subtraction – Finding the remaining budget by subtracting the total awarded from the total budget.
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