Ahmadu has a
sum of $45,000
which he plans to invest in companies X-Ltd,
Y-Ltd and Z-Ltd
in the ratio 1:3:2
respectively. Determine how much he invests in each of the companies.
Solution
Investment
amount = $45,000
Ratio of
investment = 1:3:2
Total
ratio = 6
Investment
in X-Ltd = (1/6)
* $45,000
=
$7,500
Investment
in Y-Ltd = (3/6)
* $45,000
= $22,500
Investment
in Z-Ltd = (2/6)
* $45,000
=
$15,000
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