Gce Model Questions Vol1 2020 Civic Education Question 21

Practice objective / multiple choice question 21 from the 2020 Gce Model Questions Vol1 Civic Education examination.

Gce Model Questions Vol1 2020 Civic Education Objective / Multiple Choice Hard Difficulty
Question 21 GCE_MODEL_QUESTIONS_VOL1 • 2020 • CIVIC_EDUCATION • objective

Three government projects were originally estimated at \(120\) million, \(80\) million and \(150\) million respectively. Due to corruption, the actual total expenditure rose to \(420\) million. It is known that the percentage cost inflation for the first two projects is the same, while the third project's inflation is \(5\) percentage points higher than that common rate. Determine the common inflation percentage (to two decimal places) and the total amount lost to corruption.

Answer Options

A. Common inflation ≈ 15.00 %; total loss = 80 million
Correct Answer B. Common inflation ≈ 17.86 %; total loss = 70 million
C. Common inflation ≈ 12.30 %; total loss = 90 million
D. Common inflation ≈ 20.45 %; total loss = 60 million
Correct Answer
B
Correct Option:
Common inflation ≈ 17.86 %; total loss = 70 million

About This Question

This is Gce Model Questions Vol1 2020 Civic Education Question 21. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

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