Kuldip and Jane invested $35,000 and $55,000 respectively in a partnership. Kuldip added another $20,000 and Jane wants to add enough to maintain their investments in the original ratio. How much should Jane invest in order to maintain the same ratio?

Question

Quizplus · Accepted Answer

Initially, Kuldip and Jane invested in the ratio of $35,000 to $55,000, which simplifies to 7:11. After Kuldip added another $20,000, his total investment became $35,000 + $20,000 = $55,000. To maintain the original investment ratio of 7:11, we calculate Jane's required investment as follows: Kuldip's new total is to Jane's total as 7 is to 11. With Kuldip's total at $55,000 (7 parts), we find 1 part = $55,000 / 7 = $7,857.14. Therefore, 11 parts = $7,857.14 * 11 = $86,428.57. Since Jane initially invested $55,000, she needs to add $86,428.57 - $55,000 = $31,428.57, which rounds to the nearest option, $31,429.

Kuldip and Jane Invested $35,000 and $55,000 Respectively in a Partnership