11 people won equal shares in a prize of $500.How much do they each receive to the nearest cent and how many cents are left that cannot be shared equally?
Question
11 people won equal shares in a prize of $500.How much do they each receive to the nearest cent and how many cents are left that cannot be shared equally?
Solution
To find out how much each person receives, we need to divide the total prize money by the number of people.
Step 1: Divide $500 by 11.
500 ÷ 11 = 45.45 (rounded to the nearest cent)
So, each person receives $45.45.
Step 2: To find out how many cents are left that cannot be shared equally, we need to multiply the decimal part by the number of people.
0.45 (the decimal part of $45.45) x 11 = 4.95
So, there are 5 cents (rounded to the nearest cent) that cannot be shared equally.
Similar Questions
In a competition, prize money of $828 is to be shared among the first three in the ratio 5:3:1. Prize money for third person is.a.92b.95c.184d.186
The organisers of an essay competition decide that a winner in thecompetition gets a prize of ` 100 and a participant who does not win getsa prize of ` 25. The total prize money distributed is ` 3,000. Find thenumber of winners, if the total number of participants is 63.
rect answerTwo friends invested Rs. 1500 and Rs. 2500 in a business. They earned a profit of Rs. 800. One-half of the profit was divided equally between them and the other half was divided in proportion to their capitals. How much did each of them receive?
Two people are to share $450 000 in the ratio 3:5. State each share
Rachel won a money prize.She spent 36% of it on a bag and the same amount of money on a meal for her family.She saved the remaining $112.What was the total amount of her money prize?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.