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