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Miss money penny inherits £520 from a secret agent.she decides to save some of the money and spent the rest.The ratio of savings to spending money is 5:8.How much does she save and how much does she spend

Savings:

Spending money:

Verified Answer :

olemakpadu

Savings : Spending = 5:8

Sum of ratio = 5 + 8 = 13.

Fraction of savings =   5/13 

Fraction of spending =   8/13 

Savings is     5/13    520   =  5 40 = 200

Spending is     8/13    520   =  8 40 = 320

Savings   =   £ 200

Spending =  £320

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