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02-11-2020
Mathematics

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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.

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02-11-2020

Answer:

$36000 by Mr Daniels

$84000 by Mr Griffith

Step-by-step 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 = [tex]\frac{3}{10}[/tex] x 120000 = $36000

Amount invested by Griffith = [tex]\frac{7}{10}[/tex] x 120000 = $84000

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