The city of Akron is doing its budget for next year and deciding how to spend its remaining revenue. It has $7 million left in the budget and 8 programs to choose from. No program may be partially funded. The programs and their budget requests are: 1- Street Improvements: $1 million 2- Arts program: $0.5 million 3- Municipal Court remodeling: $1.5 million 4- Municipal broadband: $4 million 5- New buses and routes: $2.5 million 6- Library computer upgrades: $0.5 million 7- Small business loan program: $2 million 8- Baseball stadium upgrades: $3 million If the council decides to fund the small business loan program, the arts program, and the baseball stadium, what other two programs could they fund? (Answer with the number of the programs in the form x, y)
Answers
3 minAnswer:
Step-by-step explanation:
Given: The city of Akron is doing its budget for next year and deciding how to spend its remaining revenue. It has $7 million left in the budget and 8 programs to choose from. No program may be partially funded. The programs and their budget requests are:
1- Street Improvements: $1 million
2- Arts program: $0.5 million
3- Municipal Court remodeling: $1.5 million
4- Municipal broadband: $4 million
5- New buses and routes: $2.5 million
6- Library computer upgrades: $0.5 million
7- Small business loan program: $2 million
8- Baseball stadium upgrades: $3 million.
The council decides to fund the small business loan program, the arts program, and the baseball stadium.
To find: The other two programs that could be funded
Solution: Total money in the budget= $7 million
The council has decided already to find 3 of the 8 programs that is small business loan, arts program and the baseball stadium upgrades.
Budget for small loans program= $2 million
Budget for arts program= $0.5 million
Budget for baseball stadium upgrades= $3 million
Total budget spent in these 3 programs
= $2 million + $0.5 million+ $3 million
= $ 5.5 million
Budget left after spending in these 3 peograms
= Total budget - Budget spent in these 3 programs
= $7 million - $ 5.5 million
= $ 1.5 million
Since two more programs have to funded with the remaining budget, the municipal broadband program or new buses and roots cannot be funded as the budget required for them exceeds the remaining budget.
The municipal court remodelling could be done with the budget but then there would be no budget left for a second program. Hence, this is also not funded.
Clearly, only 2 programs are left that is street improvements and library computer upgrades that can be funded.
Budget for street improvements
= $ 1 million
Budget for library computer upgrades=
$ 0.5 million
Budget required for them
= $ 1 million + $0.5 million
= $ 1.5 million
which is equal to the remaining budget.
Therefore, the other two programs that can be funded are street improvements and library computer upgrades.