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

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  = $\frac{3}{10}$ x 120000 = $36000

Amount invested by Griffith = $\frac{7}{10}$ x 120000 = $84000