If miss penny inherits £1040 She decided to save some money and spend the rest. The ratio of savings to spendings is 5 : 8 How much does she save and how much does she spend??
To solve this problem, we can first do 8 + 5. 8 + 5 = 13.
Next, divide 1040 by 13. 1040 / 13 = 80. The 80 represents every 'part' of the ratio (in this case the 'parts' are 5 and 8).
Finally, mulitply 5 * 80, and 8 * 80.
5 * 80 is the amount of money Miss Penny put into her savings, and 8 * 80 is the amount she spent.
(You still need to simplify those expressions to get the answer)
I hope this helped! If I made a mistake somewhere or you want me to explain more on why I did those steps, please lmk!