A trader has sh. 1200,000 and divided it in the ratio 5:3. He used the larger amount to buy a car and invested the remainders...

      

A trader has sh. 1200,000 and divided it in the ratio 5:3. He used the larger amount to buy a car and invested the remainders in a bank that paid simple interest at a rate of 8% p.a. after 1½ years he sold the car at 25% less what she bought it. He also withdraw his money and interest from the bank
Calculate;
(a) Amount the trader invested in the bank.
(b) Amount he sold the car.
(c) Amount he withdrew from the bank.
(d) The percentage of the initial amount he had after selling the car and withdrawing all the amount

  

Answers

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Kavungya answered the question on September 30, 2019 at 07:07

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