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.
A. N14,950.50K B. N25,150.30K C. N15,000.00K D. N38,888.90K
Correct Answer: 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
