Waec Model Questions Vol1 2020 Civic Education Question 9

Practice objective / multiple choice question 9 from the 2020 Waec Model Questions Vol1 Civic Education examination.

Waec Model Questions Vol1 2020 Civic Education Objective / Multiple Choice Hard Difficulty
Question 9 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • CIVIC_EDUCATION • objective

A municipality has an annual budget of ₦2,500,000,000. An audit finds that 3 % of the budget is lost to petty corruption, 1.5 % to grand corruption, and after these losses, an additional 0.5 % of the remaining amount is siphoned through fraudulent contracts. Calculate the total amount lost to corruption and express it as a percentage of the original budget (rounded to two decimal places).

Answer Options

A. ₦125,000,000 (approximately 5.00% of the original budget)
Correct Answer B. ₦124,437,500 (approximately 4.98% of the original budget)
C. ₦124,500,000 (approximately 4.98% of the original budget)
D. ₦87,125,000 (approximately 3.49% of the original budget)
Correct Answer
B
Correct Option:
₦124,437,500 (approximately 4.98% of the original budget)

About This Question

This is Waec Model Questions Vol1 2020 Civic Education Question 9. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

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