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A government allocates $1 billion for inclusive growth initiatives. If 40% is sp

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Question: A government allocates $1 billion for inclusive growth initiatives. If 40% is spent on education, how much is allocated to education?

Options:

  1. $300 million
  2. $400 million
  3. $500 million
  4. $600 million

Correct Answer: $400 million

Solution: 

Amount allocated to education = 40% of $1 billion = 0.40 * 1,000,000,000 = $400 million.

A government allocates $1 billion for inclusive growth initiatives. If 40% is sp

Practice Questions

Q1
A government allocates $1 billion for inclusive growth initiatives. If 40% is spent on education, how much is allocated to education?
  1. $300 million
  2. $400 million
  3. $500 million
  4. $600 million

Questions & Step-by-Step Solutions

A government allocates $1 billion for inclusive growth initiatives. If 40% is spent on education, how much is allocated to education?
  • Step 1: Understand that 40% means 40 out of every 100 parts.
  • Step 2: Convert 40% into a decimal. 40% as a decimal is 0.40.
  • Step 3: Know that $1 billion is the same as 1,000,000,000 dollars.
  • Step 4: Multiply the decimal (0.40) by the total amount ($1 billion or 1,000,000,000).
  • Step 5: Calculate 0.40 * 1,000,000,000 to find the amount allocated to education.
  • Step 6: The result of the multiplication is $400 million.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Basic Arithmetic – Applying multiplication to find the total amount allocated based on the percentage.
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