Jim and Gail invested a total of $3,600 in a stock, in a ratio of 5:7. The stock made $6,450 on top of the initial capital. If the payoff is done in the same ratio, how much does Gail get?

Question

Asa Rivas

Mathematics

13 May, 15:45

Jim and Gail invested a total of $3,600 in a stock, in a ratio of 5:7. The stock made $6,450 on top of the initial capital. If the payoff is done in the same ratio, how much does Gail get?

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Answers (1)

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Ellis Lawrence · Answer 1

Answer: Gail will get $3762.50 from the payoff.

Jim and Gail are dividing the money according to the ratio 5:7. That means if there are 12 parts, Jim will get 5 and Gail will get 7.

Therefore, we can write and solve the following proportion for the amount that Gail will get (7/12)

7/12 = x/6450

x = 3762.5