Neco 2025 Government Question 32

A local government council receives three sources of revenue: property rates of ₦120 million, market fees of ₦80 million and a federal allocation of ₦100 million. The council must fund three projects—Water, Roads and Health. The funding mix for each project is as follows: - Water: 50 % from property rates, 30 % from market fees, 20 % from the federal allocation; - Roads: 20 % from property rates, 50 % from market fees, 30 % from the federal allocation; - Health: 30 % from property rates, 20 % from market fees, 50 % from the federal allocation. Let the total cost of the Water project be \(W\) million naira. Determine the amount of money contributed to the Water project from property rates, expressed in millions of naira to two decimal places.