document.write( "Question 466810: To buy both a new car and a new house, Tina sought two loans totalling $332,888. The simple interest rate on the first loan was 8.9%, while the simple interest rate on the second loan was 6.0%. At the end of the first year, Tina paid a combined interest payment of $20,230.51. What were the amounts of the two loans? \n" ); document.write( "
Algebra.Com's Answer #320101 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! 0.089x+0.06(332888-x)=20230.51 \n" ); document.write( "0.089x+19973.28-0.06x=20230.51 \n" ); document.write( "0.029x=257.23 \n" ); document.write( "x=257.23/0.029 \n" ); document.write( "x=8870 at 8.9% \n" ); document.write( "332888-8870=324018 at 6% \n" ); document.write( " |