Three friends, Palak, Shinu, and Riya, joined forces to start a partnership business, contributing money in the ratio of 5:4:2, respectively, for a duration of 3 years.Determine Palak's share in the total profit.
I. The total investment in the business is Rs. 44,000.
II. The total profit at the end of 3 years is 3/8 of the total investment.
III. The average amount of profit earned per year is Rs. 5,500. These statements provide information about the investment, total profit, and average annual profit, seeking to find Palak's share in the overall profit.