SOLUTION: A man loans ₱ 4,000 at one interest rate and ₱ 5,000 at 1% greater rate. Find the rate for each loan if the total interest is ₱ 500.
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Question 789849: A man loans ₱ 4,000 at one interest rate and ₱ 5,000 at 1% greater rate. Find the rate for each loan if the total interest is ₱ 500.
Answer by nilan(17) (Show Source): You can put this solution on YOUR website!
let the first interest is x
then the second one will be x+1
so the total interest is
so
then
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