Asked by
Rebecca Dasilva
on Dec 15, 2024Verified
Betty and Lois have already invested $12,450 and $16,600 respectively. If Betty invests another $6,000 what amount should Lois contribute to maintain their investments in the same ratio?
A) $6,000
B) $7,000
C) $8,000
D) $9,000
E) $4,000
Maintain Investments
The act of overseeing and managing one's investment portfolio to ensure it remains aligned with financial goals.
- Execute the application of ratios and proportions in various real-world scenarios pertinent to business and economics, with an emphasis on investment and partnership situations.
- Compute the effects of monetary alterations and investments throughout time while taking into account ratios.
Verified Answer
KJ
Learning Objectives
- Execute the application of ratios and proportions in various real-world scenarios pertinent to business and economics, with an emphasis on investment and partnership situations.
- Compute the effects of monetary alterations and investments throughout time while taking into account ratios.
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