Question

Alexis invests 40% of the capitol needed to start a business. If he invests 15,000 how much to goal capital was needed?

Answer 1

$37,500

Explanation:

If Alexis invested 40% of the capital needed to start the business, then the goal capital can be found by dividing the amount he invested by the percentage he invested. This is given by:

Goal capital = 15,000 / 0.40

Solving this equation gives us a goal capital of $37,500. This is the amount of capital that was needed to start the business.