A group of people planned to contribute sh.2000 000 to start a business. However before the contributions were made the group disintegrated and 40 members...

A group of people planned to contribute sh.2000 000 to start a business. However before the contributions were made the group disintegrated and 40 members pulled out. A a result each of the remaining members were to contribute sh. 2500 more/
(a) Find the original number of members in the group.
(b) After each member contributing half of the expected amount the members opted to get a bank
That would offset ¼ of the remaining amount. How much would each member contribute after
he bank loan.
(c) Twenty new members joined the group just before the business started. As a result the old
Members were to be refunded some money. How much was the refund?

Answers

Kavungya answered the question on September 30, 2019 at 08:43

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