Question

1. Spongebob, Patrick, and Mr. Krabs are investing a total of $70,000 in the Krusty Krab at a ratio

of 12:7-16. How much money did each of them invest?
Spongebob
Patrick:
Mr. Krabs:

Answer 1

To find out how much money each of them invested, we can use the given ratio and divide the total amount by the parts in the ratio. Spongebob invested $24,000, Patrick invested $14,000, and Mr. Krabs invested $32,000.

Step-by-step explanation:

To find out how much money each of them invested, we need to use the given ratio of 12:7-16. Let's start by adding the numbers in the ratio: 12 + 7 + 16 = 35. This means that the total ratio is divided into 35 parts.

To find out the amount of money each person invested, we need to divide $70,000 by 35: $70,000 / 35 = $2,000 per part.

Now, we can calculate the investment for each person by multiplying their part in the ratio by the amount per part:

Spongebob: 12 parts x $2,000 per part = $24,000

Patrick: 7 parts x $2,000 per part = $14,000

Mr. Krabs: 16 parts x $2,000 per part = $32,000