Math Problem Statement

  1. Lei and Narvey wanted to establish a business but they have no enough money for their start up capital. They agreed to include Drew into the partnership. If Lei will invest 1/2 and Narvey will invest 1/8 of the needed capital respectively, what fractional share will Drew need to invest to come up with the needed capital?

Solution

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Math Problem Analysis

Mathematical Concepts

Fractions
Fractional Shares
Basic Arithmetic

Formulas

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Theorems

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Suitable Grade Level

Grades 5-7