document.write( "Question 253725: A city government has approved the construction of a $50 million sports arena. Up to $30 million will be raised by selling bonds that pay simple interest at a rate of 12% annually. The remaining amount (up to $40 million) will be obtained by borrowing money from an insurance company at a simple interest rate of 10%. Determine whether the arena can be financed so that the annual interest is $5.2 million.\r
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Algebra.Com's Answer #186060 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! .12*30,000,000+.10*40,000,00= interest \n" ); document.write( "if it is less than 5.2 million then yes \n" ); document.write( " \n" ); document.write( " |