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never [62]
1 year ago
10

James and Michael are the partners in a local business. They needed $480,000 to start the

Mathematics
2 answers:
larisa [96]1 year ago
7 0

Answer:

James invested $160,000

Step-by-step explanation:

- In total, they needed $480,000 to start the business

- 1:2 ratio means one of them payed double the amount than the other

so the expression would be,

2x + x = 480,000

Let x represent how much they each need to invest

the expression can be simplified to,

3x = 480,000

now you need to get x alone, this would be done be dividing both sides by 3

\frac{3x}{3} = \frac{480,000}{3}\\x = 160,000

James invest $160,000

Michael invest $160,000 x 2 = $320,000

and if you add them together, you get the total amount

$320,000 + $160,000 = $480,000

Let me know if you have any questions !

Minchanka [31]1 year ago
3 0
Can you answer one of my recent questions?
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