Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three friends, A, B, and C, start a business with investments in the ratio of 4:3:5, respectively. A invested $5,000, and all three of

 

Three friends, A, B, and C, start a business with investments in the ratio of 4:3:5, respectively. A invested $5,000, and all three of them agree to share profits in the ratio of their investments. a. Calculate C's investment. Round to the nearest cent

Step by Step Solution

3.34 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Given Investments ratio of A B and C is 435 As investment 5000 L... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics and Its Application

Authors: walter nicholson, christopher snyder

11th edition

9781111784300, 324599102, 1111784302, 978-0324599107

More Books

Students also viewed these Mathematics questions

Question

What are the three kinds of research types? Explain each type.

Answered: 1 week ago