The National Lottery decided to make 2020 a year of CHARITIES. They gave a big donation of R42 345 335 to charities across the province. Use this information to answer the following questions 1.1.3 If the charities are split in the following percentages, 45% are environmental charities, 25% animal charities and 30% are humanitarian charities. Give the charities' percentages in the simplest ratio in the following relationship: Environmental to animals to humans.   1.1.4 If 42 charities are going to split the money of R42 345 335 evenly amongst themselves, how much will each charity get? (Round off to the nearest thousand)   1.1.5 The lottery requests that the charities divide the donation amount of R1 008 200 into the following ratio 3:1 for Project funding to salaries. Determine the amount charities will spend on project funding.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

The National Lottery decided to make 2020 a year of CHARITIES. They gave a big donation of R42 345 335 to charities across the province. Use this information to answer the following questions

1.1.3

If the charities are split in the following percentages, 45% are environmental charities, 25% animal charities and 30% are humanitarian charities. Give the charities' percentages in the simplest ratio in the following relationship: Environmental to animals to humans.

 

1.1.4

If 42 charities are going to split the money of R42 345 335 evenly amongst themselves, how much will each charity get? (Round off to the nearest thousand)

 

1.1.5

The lottery requests that the charities divide the donation amount of R1 008 200 into the following ratio 3:1 for Project funding to salaries.

Determine the amount charities will spend on project funding.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education