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Cheng and Amira buy an apartment for $36,000.
Cheng pays $12000 and Amira pays the rest.
Write the ratio of the amount they each pay, in its
simplest form.
b
Two years later they sell the apartment for $42000.
How much money should Amira get?

Respuesta :

onyebuchinnaji

The ratio of the amount that Cheng and Amira paid is 1:2 respectively.

The amount earned by Amira when they sell the apartment is $28,000.

The given parameters:

  • Cost of the apartment = $36,000
  • Amount paid by Cheng, y = $12,000

Let the amount paid by Amira = x

Amount paid by Amira

The amount paid by Amira is calculated as follows;

[tex]x+ y = 36,000\\\\ x + 12,000 = 36,000\\\\ x = 36,000 - 12,000\\\\ x = 24,000[/tex]

The ratio of the amounts

The ratio of the amount each paid is calculated as follows;

[tex]\frac{y}{x} = \frac{12,000}{24,000} = \frac{1}{2} = 1:2[/tex]

The amount earned by Amira when they sell the apartment is calculated as follows;

[tex]x_2 = \frac{2}{1+ 2} \times \$42,000\\\\ x_2 = \frac{2}{3} \times \$42,000 = \ \$28,000[/tex]

Learn more about ratios and proportions here: https://brainly.com/question/13513438

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