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A government project costs $1,500,000. If it is funded by three different source

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Question: A government project costs $1,500,000. If it is funded by three different sources in the ratio 2:3:5, how much does the largest source contribute?

Options:

  1. $500,000
  2. $600,000
  3. $750,000
  4. $900,000

Correct Answer: $750,000

Solution: 

Total parts = 2 + 3 + 5 = 10. Largest source = (5/10) * 1,500,000 = $750,000

A government project costs $1,500,000. If it is funded by three different source

Practice Questions

Q1
A government project costs $1,500,000. If it is funded by three different sources in the ratio 2:3:5, how much does the largest source contribute?
  1. $500,000
  2. $600,000
  3. $750,000
  4. $900,000

Questions & Step-by-Step Solutions

A government project costs $1,500,000. If it is funded by three different sources in the ratio 2:3:5, how much does the largest source contribute?
  • Step 1: Identify the total cost of the project, which is $1,500,000.
  • Step 2: Understand that the funding sources are in the ratio 2:3:5.
  • Step 3: Add the parts of the ratio together: 2 + 3 + 5 = 10 parts.
  • Step 4: Determine the part of the largest source, which is 5 parts.
  • Step 5: Calculate the contribution of the largest source by using the formula: (5 parts / 10 total parts) * $1,500,000.
  • Step 6: Perform the calculation: (5/10) * 1,500,000 = $750,000.
  • Step 7: Conclude that the largest source contributes $750,000.
  • Ratios – Understanding how to divide a total amount based on given ratios.
  • Proportions – Calculating parts of a whole based on the ratio of contributions.
  • Basic Arithmetic – Performing addition and multiplication to solve for the required amount.
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