Problem

Question 9 How much of the fund was invested in the Oil \& Gas sector? \( \$ 119,980,000 \) \( \$ 128,550,000 \) \( \$ 248,530,000 \) \( \$ 282,810,000 \) Show the solution End test Total value of fund \( \$ 857 \mathrm{~m} \)

Solution

Step 1 :1. Calculate the proportion for Oil \& Gas sector: \(\frac{282.81}{857}\)

Step 2 :2. Multiply the proportion with the total fund value: \(\frac{282.81}{857} \times 857\mathrm{~m} \)

Step 3 :3. Convert the result to dollars: \$ 282,810,000

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