Twenty-five percent of the budget (which is $118,250) will be used to rent business space and pay for utilities. "Write an algebraic expression that indicates how much money will be spent on business space and utilities". Do not solve.
0.25(118,250) = x
Is the following in addititon too what I have? I am not sure how to read the question? "Suppose an investor has increased my budget ($118,250) by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of my business. Will the investor contribute enough money to meet the cost of rent and utilities"? (0.25(118,250) = x the cost of space and utilities).
Support your answer, and write an equation or inequality that illustrates your answer.
0.25(118,250) = 29,562.50
The investor's money is less than the cost of the space and utilities.
To find the algebraic expression that represents the amount of money spent on business space and utilities, one needs to consider that 25% of the budget will be used for this purpose.
Let's define the variable x as the amount of money that will be spent on business space and utilities.
According to the problem, 25% of the budget, which is $118,250, will be spent on business space and utilities.
To express this algebraically, we can set up the equation:
0.25 * budget = x
Since the budget is given as $118,250, we substitute it into the equation:
0.25 * 118,250 = x
Therefore, the algebraic expression that indicates how much money will be spent on business space and utilities is 0.25 * 118,250 = x.