2.6h Formulate the situation as a system of two linear equations in two variables. Be sure to state clearly the meaning of your x- and y-variables. Solve the system by theelimination method. Be sure to state your final answer in terms of the original question.A lawyer has found 60 investors for a limited partnership to purchase an inner-city apartment building, with each contributing either $4,000 or $8,000. If the partnershipraised $320,000, then how many investors contributed $4,000 and how many contributed $8,000?X =$4,000 investorsy =$8,000 investors

given, total investors = 60 total money raised = $320,000

Answered: Formulate the situation as a system of…

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter19: Accounting For Partnerships

Section: Chapter Questions

Problem 1MP

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