hand written answer pls

3. Set up or formulate but do not solve the following problem. Be sure to include a well written definition for the variables. Jim requires to borrow $150,000.00 to start his business. He will be borrowing part of the $150,000.00 from the bank at 5%/yr interest and part of the $150,000.00 from his friend at 4%/yr interest. Jim's business plan allows a budget of $6,500.00 in interest payments in the first year. How much should Jim borrow from the bank and from his friend? (6 marks)