Question

4.

Answer 1

Answer:

1.  $97,500

2. 40.9%

3. $24,375

4. 14.77%

Explanation:

Given the following data;

Amount of money owned (Savings account) = $67,500

Total amount required = $165,000

To find the amount needed from investors to start the business;

Let the balance = X

$Total = Savings + X$

Substituting into the equation, we have;

$165,000 = 67,500 + X$

$X = 165,000 - 67500$

X = $97,500

To find the percentage of ownership;

Percent ownership = savings/total * 100

Substituting the values into the equation;

$Percent \; ownership = \frac {67500}{165000} * 100$

$Percent \; ownership = 0.409 * 100$

Percent ownership = 40.9%

To find the amount to be invested by each of the four investors;

Investor = X/4

Substituting into the equation, we have

Investor = 97500/4

Investor = $24,375

Therefore, each of the investors will need to invest $24,375.

Percentage for each investor;

$Percent = \frac {24375}{165000} * 100$

Percent = 14.77%