Pete and his partner Mike made a huge profit in their software business together this year and have decided to use $20,000 of the profit for a Christmas donation to their favorite charities. Each will contribute an amount proportional to the amount he invested in starting the business. The investment ratio of Pete to Mike is 4:1. How much money will Mike get to donate to his charity?
$5,000
$3,000
$4,000
$16,000
Create a totally FREE account to save your progress and scores.
Pass Guarantee
Please confirm the following before reporting your problem:
Sign in if you would like to receive a response.