Step 1: Determine the total number of parts in the ratio.
The ratio given is 3:5:2.
Total parts =3+5+2=10.
Step 2: Identify the total value of the estate.
The estate is valued at N24,000,000.
Step 3: Calculate the value of one ratio part.
Value per part =TotalRatioPartsTotalEstateValueโ
Valueperpart=10N24,000,000โ=N2,400,000
Step 4: Calculate each person's share.
The question states "his wid and daughter" and a ratio of 3:5:2. Given the three parts in the ratio, it is assumed that "wid" refers to the wife, and there is an implied third beneficiary, likely a son, in the order Wife:Son:Daughter.
- Wife's share: (3 parts)
3รN2,400,000=N7,200,000
- Son's share: (5 parts)
5รN2,400,000=N12,000,000
- Daughter's share: (2 parts)
2รN2,400,000=N4,800,000
The shares are:
Wife: N7,200,000โ
Son: N12,000,000โ
Daughter: N4,800,000โ
Send me the next one ๐ธ