Answer:
[tex]Eric= \$22.86[/tex]
[tex]Shiloh = \$17.14[/tex]
Step-by-step explanation:
Represent Eric with E and Shiloh with S;
[tex]E:S = 4:3[/tex]
[tex]Total = \$40[/tex]
Required
Determine the how much money each have
We have to convert the ratio to fraction;
For Eric, we have
[tex]Eric= \frac{E}{E + S} * Total[/tex]
[tex]Eric= \frac{4}{4 + 3} * \$40[/tex]
[tex]Eric= \frac{4}{7} * \$40[/tex]
[tex]Eric= \frac{\$160}{7}[/tex]
[tex]Eric= \$22.86[/tex]
[tex]Shiloh = Total - Eric[/tex]
[tex]Shiloh = \$40 - \$22.86[/tex]
[tex]Shiloh = \$17.14[/tex]