If an investor invest N450,000 in a certain organization in order to yield X as a return of N25,000. Find the return on an investment of N700,000 by Y in the same organization.
- N14,950.50K
- N25,150.30K
- N15,000.00K
-
N38,888.90K
The correct answer is: D
Explanation
[Return ÷ Investment] as a ratio ;i.e The Ratio is Return : Investmen
[(Return1÷ Investment1 ) = (Return2÷ Investment2)]
R1 = N 25000
R2 =?
I1 = N450,000,
I1 = N 700000
(25000 ÷ 450000) = (R2 ÷ 700000)
R2 = [(25000 × 700000 ) ÷ 450000]
= N38,888.90K
∴ The return on a investment of Y = N38888.90K
There is an explanation video available .