Jim and Gail invested a total of $3,600 in a stock, in a ratio of 5:7. The stock made $6,450 on top of the initial capital. If t

Question

Flauer [41]

2 years ago

10

Jim and Gail invested a total of $3,600 in a stock, in a ratio of 5:7. The stock made $6,450 on top of the initial capital. If t

he payoff is done in the same ratio, how much does Gail get?

Mathematics

2 answers:

Ket [755] · Answer 1 · 2022-07-08T19:18:24+03:00

"Since the ratio is 5:7 you can think in total there was 12 equal blocks of money invested. 5 of those blocks belonged to Jim and 7 of those blocks belonged to Gail. Since they invested $3,600 and then made $6,450 in total there is $10,050. Divide that total into 12 equal blocks of $837.50 and 5 of those blocks belong to Jim. So he will get $4,187.50"

Fudgin [204] · Answer 2 · 2022-07-08T20:36:25+03:00

Fudgin [204]2 years ago

4 0

Answer:

$5,862.50

Step-by-step explanation:

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