Brian, Steve, and Rita invested a total of $24,000 in a business. Each person invested the same amount. Unfortunately, in the first quarter they suffered a loss of $4,500, which they shared equally. By what amount has each individual investment changed due to the loss?

Question

Mathematics

Stephany

18 May, 02:13

Brian, Steve, and Rita invested a total of $24,000 in a business. Each person invested the same amount. Unfortunately, in the first quarter they suffered a loss of $4,500, which they shared equally. By what amount has each individual investment changed due to the loss?

+4

Answers (1)

Know the Answer?

Bria · Answer 1

Each of the 3 invested $8,000. Total loss was $4,500. So the loss of each person was $1,500. So, the investment after the loss became 8000-1500=6500. Answer: $6,500.