document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=372988>Question 372988</A>: <I><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "To buy both a new car and a new house, Tina sought two loans totalling $191,610. The simple interest rate on the first loan was 6.3%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest payment of $16,681.66. What were the amounts of the two loans? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #265597 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=265597\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> To buy both a new car and a new house, Tina sought two loans totalling $191,610. The simple interest rate on the first loan was 6.3%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest payment of $16,681.66. What were the amounts of the two loans?\r<BR>\n" );
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document.write( "$ x ---------------- 6.3%<BR>\n" );
document.write( "$y------------------ 8.8%<BR>\n" );
document.write( "..<BR>\n" );
document.write( "Interest on both = 16,681.66<BR>\n" );
document.write( "Loan = 191,610<BR>\n" );
document.write( "...<BR>\n" );
document.write( "x+y = 191,610.......................1<BR>\n" );
document.write( "6.3x+8.8y=16681.66*100<BR>\n" );
document.write( "multiply by 10<BR>\n" );
document.write( "63x+88y=16,681.66*100*10<BR>\n" );
document.write( "63x+88y=16,681,660...................2<BR>\n" );
document.write( "multiply (1) by -63<BR>\n" );
document.write( "-63x-63y=-12,071,430<BR>\n" );
document.write( "add to (2)<BR>\n" );
document.write( "25y=4610230<BR>\n" );
document.write( "y=184,409.2 ------8.8%<BR>\n" );
document.write( "x=7,200.80 -------6.3%\r<BR>\n" );
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document.write( "m.ananth@hotmail.ca </SPAN>\n" );
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