Question

You have savings of $157,000. After talking it over with your spouse, you agree to risk no more than 30% on your new business idea. How much do you have to invest in the business?

Answer 1

Answer:

$47,100

Explanation:

The amount to be invested is not more than 30 % of $157,000

=30% x $157,000

=30/100 x $157,000

=0.3 x $157,000

=$47,100