Question
You may use a calculator for this item, Zach, Kolby, and Peyton are investing a total of $360,000 to open a cottee shop Their investments are in the radio 1:2:0.5, respectively How much has Zach invested, in dollars? Enter your answer in the space provided
Answer
102857.14
- Calculate the total ratio of investments. A: 1+2+0.5 = 3.5
- Divide the total investment amount by the total ratio to get the value of 1 unit of investment. A: 360000/3.5 = 102857.14
- Multiply the value of 1 unit of investment by the ratio for Zach's investment. A: 102857.14*1 = 102857.14