Waec Model Questions Vol1 2024 Government Question 40

The federal budget allocates ₦200 billion to three ministries - Health, Education and Infrastructure - in the ratio 3:4:5. After the first quarter, the Health Ministry overspends by 8% of its allocation, while the Education Ministry underspends by 5% of its allocation. The unspent amount from Education is to be transferred to Infrastructure after deducting a 2% administrative surcharge on the transferred sum. Subsequently, the President decides to increase the Infrastructure allocation by 10% of its original amount, funding this increase by a reduction that is shared equally among the three ministries. Calculate the final amount (in billions of naira, to two decimal places) that the Infrastructure Ministry will have after all adjustments.