A school awards 3 scholarships of $1,000 each. If the total budget for scholarsh

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Question: A school awards 3 scholarships of $1,000 each. If the total budget for scholarships is $5,000, how much money is left after the awards?

Options:

Correct Answer: $2,000

Solution:

Total awarded = 3 * $1,000 = $3,000. $5,000 - $3,000 = $2,000.

A school awards 3 scholarships of $1,000 each. If the total budget for scholarships is $5,000, how much money is left after the awards?

A school awards 3 scholarships of $1,000 each. If the total budget for scholarships is $5,000, how much money is left after the awards?

Step 1: Identify the amount of each scholarship, which is $1,000.
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 * $1,000.
Step 4: The total awarded amount is $3,000.
Step 5: Identify the total budget for scholarships, which is $5,000.
Step 6: Subtract the total awarded amount from the total budget: $5,000 - $3,000.
Step 7: The amount of money left after the awards is $2,000.

Budgeting – Understanding how to calculate total expenses and remaining funds from a budget.
Multiplication – Using multiplication to determine total scholarship amounts awarded.
Subtraction – Applying subtraction to find the remaining budget after expenses.