document.write( "Question 503241: Two bank loans, one for $5000 and the other for $3000, cost a toatl of$550 in interest for one year. The $5000 loan has an interest rate 3% lower than the interest rate for the $3000 loan. Find the interest rate for each loan. \n" ); document.write( "
Algebra.Com's Answer #339179 by mananth(16946)\"\" \"About 
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$3,000.00 --------- x%
\n" ); document.write( "$5,000.00 -------- x% -3.00%
\n" ); document.write( "$3,000.00*x%+$5,000.00(x-3.00%)=550
\n" ); document.write( "30 x+ 50 x -150.00 = 550
\n" ); document.write( "80 x = 700
\n" ); document.write( " x= 8.75 % on $3000
\n" ); document.write( "5.75% on $5000
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