Question

An entrepreneur needs to raise $20,000 for improvements to her factory. She plans to contribute 60 percent of this sum from her own personal savings. What amount will she need to generate from other sources?

Answer 1

Answer:

$8,000

Explanation:

The entrepreneur needs $20,000. She can raise 60% from savings. It means she needs to generate 40% from other sources.

40% of $20,000 is

=40/100 x $20,000

=0.4 x $20,000

=$8,000