document.write( "Question 562761: To buy both a new car and a new house, Tina sought two loans totalling $321,929. The simple interest rate on the first loan was 1.0%, 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 $25,677.83. What were the amounts of the two loans?\r
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document.write( "I think i know the expression and answer but not sure how to work it out
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document.write( ".01x + .088(321929-x) = 25677.83\r
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document.write( "x=33,999
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document.write( "(321929-x)=287,930
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document.write( "Answer: first loan (x)=$33,999 .....second loan (321929-x)=287,930
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Algebra.Com's Answer #364667 by mananth(16949) You can put this solution on YOUR website! Yes you are correct \n" ); document.write( " \n" ); document.write( " |