The following are the loans granted by a commercial bank to different categories of individuals....
The following are the loans granted by a commercial bank to different categories of individuals. Use the information to answer the questions that follow: Bankers $8,000, Farmers $8,000, Miners $7,000, Retailers $5,000, Tailors $4,000 Teachers $6,000, Drivers $4,000, Fishermen $3 000.
(a) Arrange the information in the form of a table grouping the individuals into: (i) Primary sector; (ii) Secondary sector; (iii) Tertiary sector.
(b) Express the loan to each sector of a ratio of the total loan granted
(c) Present the total loans granted to the sectors in a simple bar chart, (Use of graph sheet is essential)
Explanation
(a)
| Sector | Primary Sector | Secondary | Tertiary Sector |
| Farmer $8,000 | Baker $8,000 | Retailer $5,000 | |
| Miners $7,000 | Tailors $4,000 | Drivers $4,000 | |
| Fisherman $3,000 | Teachers $6,000 | ||
| TOTAL | $18,000 | $12,000 | $15,000 |
(b) Ratio of P.S to total. = \(\frac{18,000}{45,000}\) = 2.5 Or 1:5
Ratio of SS to total = \(\frac{12,000}{45,000}\) = 4:15 Or 1:3.75
Ratio of TS to total = \(\frac{15,000}{45,000}\) = 4:15 Or 1:3