document.write( "Question 312892: Tina has 2 credit cards that have a total balance of $32,400. One card has an interest rate of 10% and the other has an interest rate of 8%. The first year accumulated $1892 in interest charges. How much was the loan on each credit card? \n" ); document.write( "
Algebra.Com's Answer #223739 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! .10x+.08(32,400-x)=1,892 \n" ); document.write( ".10x+2,592-.08x=1,892 \n" ); document.write( ".02x=1,892-2,592 \n" ); document.write( ".02x=-700 \n" ); document.write( "x=700/-.02 \n" ); document.write( "x=-35,000 does not fit the problem \n" ); document.write( "Test \n" ); document.write( "1,892/32,400=.058395 or 5.84% would be the average percent of the 2 cards. \n" ); document.write( "One month of 8% for the full amount would be: \n" ); document.write( ".08*32,400=$2,592 well above the charges at the end of the first year. \n" ); document.write( "You must have some incorrect figures or facts.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |