Register
Mikhail has a savings portfolio containing $12,000, of which $3,000 is invested in CDs. His friend, Ivan, has $2,000 invested in CDs, and this investment is proportional to Mikhail's. How much money is
196k views
3 votes
Mikhail has a savings portfolio containing $12,000, of which $3,000 is invested in CDs. His friend, Ivan, has $2,000 invested in CDs, and this investment is proportional to Mikhail's. How much money is in Ivan's savings portfolio?

User Doubleswirve
by
8.5k points

1 Answer

3 votes
Mikhail has $3.000 of his $12.000 invested in cd's, which is 3.000/12.000 = 1/4 of his total savings portofolio. Ivan too has 1/4 of his total savings portofolio invested in cd's, which is $2.000. So Ivan's total savings portofolio is 4 x $2.000 = $8.000
User Katoch
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!