Ama and Kofi shared the profit earned from their business in the ratio of their contributions. Ama contributed ¢3,000,000 and the total contribution was ¢7,000,000.The profit earned was ¢174,000. a. Find how much of the profit each person received. b. Kofi lent out his share of the profit at a rate of 20% per annum for 2 years. Find the interest on his share.
c. What will be Kofi's total amount at the end of the two years.