Question

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

Answer 1

"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"

Answer 2

Answer:

$5,862.50

Step-by-step explanation:

USA testprep said it was right