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Percentages, SM-Bank 019

A scholarship fund of $1 000 000 is allocated between three scholarships as shown in the table below.
  

  Percentage of $1 million
Academic Scholarship 40%
Sport Scholarship 30%
Hardship Scholarship 30%

  
150 students were given a Hardship Scholarship.

How much did each Hardship Scholarship winner receive?  (2 marks)

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\($2000\)

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\(\text{Hardship Scholarship Funds}\)

\(= 30\text{%}\times 1\ 000\ 000\)

\(= $300\ 000\)
 

\(\therefore\ \text{Amount each winner received}\)

\(= \dfrac{300\ 000}{150}\)

\(= $2000\)

Filed Under: Percentages Tagged With: num-title-ct-core, smc-4462-20-% of a quantity, smc-4462-40-Word problems percentages

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