JAMB - Economics (2018 - No. 49)
A country's budget allocation to various sectors of the economy is shown in the pie chart .
If the budget of the country was $7,200.00, how much is allocated to education?
$2,400.00
$2,000.00
$1,200.00
$1,000.00
Explanation
To calculate the budget on education, let x represent the budget on education
Total budget = $7,200
Expenditure on education = x/$7200 × 3600 = 1200
3600x = 1200 × $7200
x = 1200 × $7200/3600
x = $2,400
Therefore, the budget allocated to education is $2,400
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