Question

Steve and Elizabeth decide to become partners in a children's cooking school. They need $120,000 for the franchise.
They invest in a 3:5 ratio, respectively. How much more did Elizabeth invest than Steve? Explain how you determined
your answer.

Answer 1

Answer:

$30,000

Step-by-step explanation:

If you add 3 and 5 together you will get 8

and if you divide 120000 by 8 you will get 15000

15 000 = 1 part

so if you multiply 15000 by 5

that will be 75 000

which is how much Elizabeth invested

then if you multiply 15000 by 3 then you will get 45000

Last of all if you minus 75000 by 45000

you will get 30000

which is the answer

$30,000

Answer 2

Elizabeth invested $30,000 more than Steve given that they invested $120,000 in the ratio 3:5, respectively. This can be obtained by finding how each of them invested using the ratio.

Calculate the investment of each of them:

Given that,

• Total money invested for the franchise= $120,000

• The ratio in which the money was invested = 3:5

• Let money invested by Steve be 3x and money invested by Elizabeth be 5x.

Then, 3x + 5x = $120,000

                   8x=$120,000

                     x=$15,000

Thus, money invested by Steve = 3x = 3($15,000) = $45,000

         money invested by Elizabeth = 5x = 5($15,000) = $75,000

How much more did Elizabeth invest than Steve?

Money invested by Elizabeth - Money invested by Steve

         =$75,000 - $45,000

         =$30,000

Hence we can say that Elizabeth invested $30,000 more than Steve given that they invested $120,000 in the ratio 3:5, respectively.

Learn more about ratio and proportions here:

brainly.com/question/4468054

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