4. MATH You plan to start a corporation. You have $67,500 in sav-
ings, but need $165,000 total to begin your business. How much
money will you need from investors? What will be your percent-
age of ownership? If you have four outside investors, how much
will each investor need to invest? What percentage will each
investor own?

1.  $97,500

2. 40.9%

3. $24,375

4. 14.77%

Explanation:

Given the following data;

Amount of money owned (Savings account) = $67,500

Total amount required = $165,000

To find the amount needed from investors to start the business;

Let the balance = X

Substituting into the equation, we have;

X = $97,500

To find the percentage of ownership;

Percent ownership = savings/total * 100

Substituting the values into the equation;

Percent ownership = 40.9%

To find the amount to be invested by each of the four investors;

Investor = X/4

Substituting into the equation, we have

Investor = 97500/4

Investor = $24,375

Therefore, each of the investors will need to invest $24,375.

Percentage for each investor;

Percent = 14.77%