Three business people wish to invest in a new company. Each person is willing to pay one third of the total investment. After careful calculations, they realize that each of them would pay $3,500 less if they could find two more equal investors. How much is the total investment in the new business?
Choose the correct choice
A) $64,000 B) $4,800 C) $21,000 D) $ 19,400 E) $ 26,250
Total Investment between 5: (x/5)   Total investment including 3500 less between 3 people(x-(3500*3))/3   Set both eq. equal to eachother.   26,250   The answer is $ 26,250)
<result>E</result>
Three business people wish to invest in a new company. Each person is willing to pay one third of the total investment. After careful calculations, they realize that each of them would pay $3,500 less if they could find two more equal investors. How much is the total investment in the new business?