document.write( "Question 465036: Emily has a credit card from EdHelper Bank and another from Party Bank. She owes EdHelper Bank $290 more than Party Bank. EdHelper Bank charges 19% simple interest per year and party bank charges 11% per year. The yearly interest charge Emily needs to pay is $214.10. How much money does Emily owe Party Bank before interest charges? \n" ); document.write( "
Algebra.Com's Answer #318598 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Emily has a credit card from EdHelper Bank and another from Party Bank. She owes EdHelper Bank $290 more than Party Bank. EdHelper Bank charges 19% simple interest per year and party bank charges 11% per year. The yearly interest charge Emily needs to pay is $214.10. How much money does Emily owe Party Bank before interest charges? \n" ); document.write( "---- \n" ); document.write( "EdHelper: x \n" ); document.write( "Party Bk: x-290 \n" ); document.write( "---- \n" ); document.write( "Equation: \n" ); document.write( "Interest + Interest = Interest \n" ); document.write( "0.19x + 0.11(x-290) = 214.10 \n" ); document.write( "Multiply thru by 100 to get: \n" ); document.write( "--------- \n" ); document.write( "19x + 11x-11*290 = 21410 \n" ); document.write( "30x = 24600 \n" ); document.write( "--- \n" ); document.write( "x = $820 (owed to EdHelper) \n" ); document.write( "x-290 = $530 (owed to Party Bk) \n" ); document.write( "================================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "=========== \n" ); document.write( " |