The following are the loans granted by a commercial bank to different categories of individuals. Use the information to answer the questions that follow: Bankers $8,000, Farmers $8,000, Miners $7,000, Retailers $5,000, Tailors $4,000 Teachers $6,000, Drivers $4,000, Fishermen $3 000. (a) Arrange the information in the form of a table grouping the individuals into: (i) Primary sector; (ii) Secondary sector; (iii) Tertiary sector. (b) Express the loan to each sector of a ratio of the total loan granted (c) Present the total loans granted to the sectors in a simple bar chart, (Use of graph sheet is essential)
Explanation
(a)
Sector
Primary Sector
Secondary
Tertiary Sector
Farmer $8,000
Baker $8,000
Retailer $5,000
Miners $7,000
Tailors $4,000
Drivers $4,000
Fisherman $3,000
Teachers $6,000
TOTAL
$18,000
$12,000
$15,000
(b) Ratio of P.S to total. = \(\frac{18,000}{45,000}\) = 2.5 Or 1:5 Ratio of SS to total = \(\frac{12,000}{45,000}\) = 4:15 Or 1:3.75 Ratio of TS to total = \(\frac{15,000}{45,000}\) = 4:15 Or 1:3 (c)
