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Prisha, James, and Zhang each invested $7,000, $24,000, and $18,000, respectively, into a business. a. Calculate their investment ratio reduced to the lowest terms. : :

Prisha, James, and Zhang each invested $7,000, $24,000, and $18,000, respectively, into a business. a. Calculate their investment ratio reduced to the lowest terms. : :

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Prisha, James, and Zhang each invested $7,000, $24,000, and $18,000, respectively, into a business. a. Calculate their investment ratio reduced to the lowest terms. : :
Transcribed Image Text:Prisha, James, and Zhang each invested $7,000, $24,000, and $18,000, respectively, into a business. a. Calculate their investment ratio reduced to the lowest terms. : :
b. The business made profits of $38,000 in its first year and the owners decided to distribute the earnings according to the ratio of their investments. How much should each investor receive as his/her share of the profits? Prisha : $0.00 Round to the nearest cent James : $0.00 Round to the nearest cent Zhang : $0.00 Round to the nearest cent
Transcribed Image Text:b. The business made profits of $38,000 in its first year and the owners decided to distribute the earnings according to the ratio of their investments. How much should each investor receive as his/her share of the profits? Prisha : $0.00 Round to the nearest cent James : $0.00 Round to the nearest cent Zhang : $0.00 Round to the nearest cent
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