If a government scheme increases the monthly income of 200 families by $300, wha

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Question: If a government scheme increases the monthly income of 200 families by $300, what is the total increase in income for one year?

Options:

Correct Answer: $720000

Solution:

Total increase in income = $300 * 200 families * 12 months = $720000.

If a government scheme increases the monthly income of 200 families by $300, what is the total increase in income for one year?

If a government scheme increases the monthly income of 200 families by $300, what is the total increase in income for one year?

Step 1: Identify the monthly increase in income for one family, which is $300.
Step 2: Determine the number of families affected, which is 200 families.
Step 3: Calculate the total monthly increase in income for all families by multiplying the monthly increase by the number of families: $300 * 200 families.
Step 4: Calculate the total monthly increase: $300 * 200 = $60000.
Step 5: Determine the number of months in a year, which is 12 months.
Step 6: Calculate the total increase in income for one year by multiplying the total monthly increase by the number of months: $60000 * 12 months.
Step 7: Calculate the total increase: $60000 * 12 = $720000.

Multiplication and Time Period Calculation – The question tests the ability to multiply a monthly increase by the number of families and then by the number of months in a year to find the total annual increase.