SOLUTION: ruth borrowed $2000, part from each of rwo different sources, for a 6-month period. one charged 6% interest and the other 8%. When paid them off, she paid a combined total of $68 i

SOLUTION: ruth borrowed $2000, part from each of rwo different sources, for a 6-month period. one charged 6% interest and the other 8%. When paid them off, she paid a combined total of $68 i

Algebra.Com

Question 253828: ruth borrowed $2000, part from each of rwo different sources, for a 6-month period. one charged 6% interest and the other 8%. When paid them off, she paid a combined total of $68 interest. How much did she borrow at each rate?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
i=prt
i=prt+prt
68=x*.06*.5+(2000-x)*.08*.5
x=1200 at 6%
2000-x=800 at8%

RELATED QUESTIONS
laura borrowed a total of 22,000 from two different banks to start a business. one bank... (answered by ikleyn)

A businessman borrowed from two moneylenders a sum of rs 2000.for 1 loan the rate of... (answered by Maths68)

Suppose a total of $5000 is borrowed from two different loans. One loan charges 10%... (answered by macston)

Edgar borrowed a total of $10,000 from three sources: the bank, his mom, and a close... (answered by mananth)

Blake borrowed $19,000 from two banks. One bank charged 2% simple interest, and the other (answered by Boreal)

.Andrew borrowed $1200 on a 6-month note. The maturity value of the note was $1284.... (answered by rakheekar)

The principle 'P' is borrowed at simple interest rate 'r' for a period of time 't'. Find... (answered by rfer)

1.Natasha borrowed $550 from her uncle for her textbooks this semester and promised to... (answered by Lightning_Fast,ikleyn)

rocco borrowed a total of $5000 from two student loans one loan charged 2% simple... (answered by Boreal)