document.write( "Question 535052: An individual has two low-interest loans, one at 4% interest and the other at 6% interest. The amount borrowed at 6% is $250 more than the amount borrowed at 4%. If the total interest for one year is $165, how much money is borrowed at each rate? \n" ); document.write( "
Algebra.Com's Answer #351745 by mananth(16946) You can put this solution on YOUR website! Amount @ 4.00% x \n" ); document.write( "Amount @ 6.00% 1 x + 250 \n" ); document.write( "Total interest paid = 165 \n" ); document.write( " \n" ); document.write( "4.00% x+ 6.00% ( 1 x + 250 )= 165 \n" ); document.write( "4.00% x+ 6.00% * 1 x + 15 = 165 \n" ); document.write( "4.00% x+ 0.06 x + 15 = 165 \n" ); document.write( "0.04 x+ 0.06 x = 150 \n" ); document.write( "0.1 x = 150 \n" ); document.write( " x= 1500 Amount @ 4.00% \n" ); document.write( " \n" ); document.write( "Amount @ 6.00% =1500 + 250 = 1750 \n" ); document.write( " \n" ); document.write( " |