Question

Miss money penny inherits £520 from a secret agent.she decides to save some of the money and spent the rest.The ratio of savings to spending money is 5:8.How much does she save and how much does she spend

Savings:
Spending money:

Answer 1

Savings : Spending = 5:8

Sum of ratio = 5 + 8 = 13.

Fraction of savings = 5/13

Fraction of spending = 8/13

Savings is 5/13 * 520 = 5 * 40 = 200

Spending is 8/13 * 520 = 8 * 40 = 320

Savings = £ 200

Spending = £320