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Mathematics, 15.07.2020 01:01 kaziyahf2006

Ngozi starts a company with N 2 400 000. After 6 months, he is joined by Ada, who
contributes N3000 000 in capital. Two
months later, Ngozi and Ada are joined
by Uche, who contributes N3 300 000. Of
the profits accruing a year after Ngozi
had started operations, Ngozi receives
20% as manager and Uche receives 4% as
assistant manager. The remaining profits
are then shared in the ratio of the product
of their holding in the company and the
time elapsing since each of them joined
the company. If the profit at the end of
the first year was N1050 000, calculate the
total amount received by each of the three
partners in the company.

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Ngozi starts a company with N 2 400 000. After 6 months, he is joined by Ada, who
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