1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years.
a.What integer would represent your total budget
To find the integer that represents your total budget, you need to add the amounts of the two loans.
The first loan is $80,000 from your family, which can be represented as +$80,000. Since this is a loan that needs to be repaid, the sign is positive.
The second loan is $38,250 from a small business loan, which can be represented as +$38,250. Again, since this is a loan that needs to be repaid, the sign is positive.
To find the total budget, you need to add these two amounts:
+$80,000 + +$38,250 = $118,250
So, the integer that represents your total budget is +$118,250.