SOLUTION: Question: A finance company lent a certain amount money to Firm A at 7% annual interest. An amount $100 less than that lent to Firm A was lent to Firm B at 8% and an amount $200 mo
Algebra.Com
Question 901354: Question: A finance company lent a certain amount money to Firm A at 7% annual interest. An amount $100 less than that lent to Firm A was lent to Firm B at 8% and an amount $200 more than that was lent to Firm C at 8.5%. All loans were for one year. If the total annual income is $126.50, how much was lent to each firm?
Use x for the amount of rent for Firm A.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
a=.07x
b=.08(x-100)
c=.085(x+100)
a+b+c=126.50
incomes a=37.5319, b=34.8936, c=54.0745,
x=536.17
Firm A 536.17
Firm B 436.17
Firm C 636.17
RELATED QUESTIONS
A company invests a total of $50,000 of surplus funds at two annual rates... (answered by richwmiller)
A company invests a total of $30,000 of surplus funds at two annual rates of interest: 3% (answered by greenestamps)
Please help me to solve this problem. A company invests a total of $30,000 or surplus... (answered by lwsshak3)
A company invests a total of $30,000 of surplus funds at two annual rates of interest: 4% (answered by addingup,ikleyn)
Judy invests a certain amount of money at 7% annual interest and three times that amount... (answered by checkley71)
the money that tia borrowed at 1% interest was $500 less than three times the amount she... (answered by Theo)
Eva invested a certain amount of money at 7% interest and $1400 more than that amount at... (answered by stanbon)
James has a certain amount of money invested at 5% annual interest and $500 more than... (answered by Theo,ikleyn)
A worker deposits the proceeds from a bonus in
an account that earns an annual simple... (answered by greenestamps,MathTherapy)