Question

Three people invest at a ratio of 1:4:7. If the partnership is worth $636,000, what did each person invest?

Answer 1

Answer:

See the detailed answers below

Step-by-step explanation:

Given data

Ratio=  1:4:7

combined ratio= 1+4+7= 12

Total amount= $636,000

Apply the part to all method

The first person will take

1/12= x/ 636,000

cross multiply

12x= 636,000*1

x= 636,000/12

x= 53000

The second person will take

4/12= x/ 636,000

cross multiply

12x= 636,000*4

x= 2544000/12

x= 212000

The third person will take

7/12= x/ 636,000

cross multiply

12x= 636,000*7

x= 4452000/12

x= 371000