SOLUTION: Samantha lent her brother some money at 9% simple interest and her sister one-half as much money at 16% simple interest. If she received a total of $34 in interest after one year,
Question 1123158: Samantha lent her brother some money at 9% simple interest and her sister one-half as much money at 16% simple interest. If she received a total of $34 in interest after one year, then how much did she lend to each one? Use simple interest formula Prt=I. Answer by ikleyn(52809) (Show Source): You can put this solution on YOUR website! .
The "interest amount" equation is
0.09*x + 0.16*(0.5x) = 34 dollars,
where x the amount she lent to her brother.
Solve for x. Then evaluate 0.5x.