please help me solve
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.
What integer would represent your total budget?
You will use 25% of your budget 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.
How much money will rent and utilities cost? Explain how you arrived at this answer.
Imagine an investor has increased your budget by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the cost of rent and utilities? Support your answer and write an equation or inequality that illustrates your answer.
This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.
$38,250 + $80,000+ $22,250-0.25($80,000 + $38,250) =
NO ONE IS GOING TO ANWSER IT IT IS TO MUCH TO READ SORRY WISH I CAN HELP
To find the integer that represents your total budget, you need to add up the amount of the two loans.
First, add up the two loan amounts:
$80,000 + $38,250 = $118,250
So the integer that represents your total budget is $118,250.
Next, to write an algebraic expression for the amount of money that will be spent on business space and utilities, you need to calculate 25% of the total budget.
The expression can be written as:
0.25 * (total budget)
Now, let's calculate the rent and utilities cost. Multiply the total budget by 0.25:
0.25 * $118,250 = $29,562.50
Therefore, the cost of rent and utilities is $29,562.50.
Moving on to the next question, to determine if the investor will contribute enough money to meet the cost of rent and utilities, we need to compare the amount the investor contributed ($22,250) with the cost of rent and utilities ($29,562.50).
The inequality that shows this comparison can be written as:
Investor's contribution >= Rent and utilities cost
So, in this case, the inequality is:
$22,250 >= $29,562.50
Since $22,250 is not greater than or equal to $29,562.50, the investor does not contribute enough money to meet the cost of rent and utilities.
Finally, to calculate the amount of money left after paying for rent and utilities, we can use the given equation.
Let's break down the equation:
$38,250 + $80,000 + $22,250 - 0.25($80,000 + $38,250)
First, we simplify the expression inside the parentheses:
$80,000 + $38,250 = $118,250
Now, we calculate 0.25 multiplied by $118,250:
0.25 * $118,250 = $29,562.50
Substituting this result back into the equation:
$38,250 + $80,000 + $22,250 - $29,562.50
Simplifying further:
$140,500 - $29,562.50
= $110,937.50
So, after paying for rent and utilities, there is $110,937.50 left.