If an investor invest ₦450,000 in a certain organization in order to yield X as a return of ₦25,000. Find the return on an investment of ₦700,000 by Y in th...

Assessment: JAMB UTME - Mathematics - 2015 Subject: General Mathematics

Question 1 Report

If an investor invest ₦450,000 in a certain organization in order to yield X as a return of ₦25,000. Find the return on an investment of ₦700,000 by Y in the same organization.
Answer Details
To solve the problem, we need to use the concept of proportionality. We can set up a proportion between the return and the investment amount: Return/Investment = X/₦450,000 We can rearrange this to solve for X: X = (Return * ₦450,000) / Investment Now, we can use this equation to find the return Y on an investment of ₦700,000: Y = (X * ₦700,000) / ₦450,000 Substituting the given values, we get: X = (₦25,000 * ₦450,000) / ₦450,000 = ₦25,000 Y = (₦25,000 * ₦700,000) / ₦450,000 = ₦38,888.89 (rounded to ₦38,888.90K) Therefore, the answer is option D: ₦38,888.90K.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning