Question

Mikhail has a savings portfolio containing $12,000, of which $3,000 is invested in CD. His friend, Ivan, has $2,000 invested in CD, and this investment is proportional to Mikhail's. How much money is in Ivan's savings portfolio

Answer 1

Answer: The answer is A

Step-by-step explanation: 1/4 of 12,000 is 4,000 and 1/4 of 8,000 is 2,000

Answer 2

Ivan has $8,000 in his portfolio

$3,000 is 1/4 of $12,000
$2,000 is 1/4 of $8,000

I hope I helped :D