Question

Nt- Maths ACSF Level 3

Your mum has saved $12,000 and has agreed to give you a share.
Would you rather have
1/5 or 1/10

Answer 1

It depends on how much you want to receive. If you choose to receive 1/5, you will get a larger share of the $12,000, but if you choose to receive 1/10, you will get a smaller share.

To calculate the amount you would receive with each option, you can use the following formulas:

1/5 share = (1/5) x $12,000 = $2,400
1/10 share = (1/10) x $12,000 = $1,200

So, if you choose to receive 1/5, you will receive $2,400, and if you choose to receive 1/10, you will receive $1,200.