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three people makori, ondiek and mosomi contributed money to start a business, makori contributed a quarter of the total amount and ondiek two fifth of the remainder. mosomi contribution was one and a half times that of makori. they borrowed the rest of the money from the bank which was 60,000 less than mosomi's contribution. find the total amount required to start a business?
Lets use x, y, z for these "names"
Let t = total amt for the business
x: "one quarter of the amt":.25t
y: "two fifth of the remainder": .4(.75t) = .3t
z: "one and one half of x": 1.5(.25t) = .375t
Total = x + y + z + bank
t = .25t + .3t + .375t + (.375t- 60000)
t = 1.3t - 60000
60000 = 1.3t - t
t = $200,000 to start the business