Question

Miss penny inherits $1050 she decides to save some of the money and spend the rest the ratio of savings to spend money is 7:8 how much does she save and how much does she spend.

PLEASE ANSWER IN A CLEAR EXPLANATUION AND I WILL MARK YOU BRAINLIEST.

Answer 1

ratio of savings to spend = 7:8

Total = $1050

amount spent = 8/15 × 1050 = 8 × 70 = $560