Give the step-by-step reasoning process and then the final answer. John won $155250 in the lottery and decided to give one-thousandth of the $155250 to each of the top 100 students in his college. Calculate the total amount received by the hundred students of his college.
John will give 155250 / 1,000 = $155.25 to each student. For the hundred students, he will give: $155.25 * 100 = $15525.
The final answer: 15525.