A town has about 25,00 people living in it and the mayor wants to send each person 10,00 as a celebration gift because the town won the Federal Lottery for Small Towns. How much money would the town need to give out this celebration gift?

The correct answer is: The town needs 25,00,000 units of its currency to give out this celebration gift.

2. Total Amount required = Number of people living in the town × Amount required for each person.
Step-by-step solution:-
Number of people living in the town = 2500 ….................................. (Equation i)
Amount required for each person = 1000 …...................................... (Equation ii)
Now, we know that-
Total Amount required = Number of people living in the town × Amount required for each person
∴ Total Amount required = 2500 × 1000 ........................................... (From Equations i & ii)
∴ Total Amount required = 25,00,000
Final Answer:-
∴ The town needs 25,00,000 units of its currency to give out this celebration gift.