A person gets £780. They spend and save the money in the ratio 5:8 What do they spend and save?

Question

Miss Moneypenny inherits £780 from a secret agent.

She decides to save some of the money and spend the rest. The ratio of savings to spending is 5:8

How much does she save and how much does she spend?

Answer 1

£780 in ratio 5:8

5 + 8 = 13 parts

780/13 = 60 per part

5 * 60 = 300

8 * 60 = 480

£780 in ratio 5:8 = £300:£480