Question

Mr. Daniels and Mr. Griffith invested $120,000 in a business. They invested in a ratio of 3 to 7 respectively. How much did each man invest.

Answer 1

$36000 by Mr Daniels

$84000 by Mr Griffith

Explanation:

Given parameters:

Total amount invested = $120,000

Ratio of investment = 3 : 7

Unknown:

Amount invested by each of them = ?

Solution:

Daniels : Griffith

3 : 7

Amount invested by Daniels =
`(3)/(10)` x 120000 = $36000

Amount invested by Griffith =
`(7)/(10)` x 120000 = $84000