a) A business suffered a fire loss of US $224640. It was covered by an insurance policy that stated that any claim was to be paid by three insurance companies in the ratio 1/3;3/8;5/12 Based on the above scenario, what is the amount that each of the three companies will pay? 6 marks] b) Moiaki receives a monthly salary of US $2080 paid semi-monthly. Mojaki's regular work week is 37.5 hours. Any hours worked over 37.5 hours in a week are overtime and are paid at timeOand-half regular pay. During the first half of August, Mojaki worked 7.5 hours overtime. Based on this scenario, a) What is Mojaki's hourly rate of pay? [3 marks] b) What are her gross earnings for the pay period ending 15 August? [3 marks]