document.write( "Question 562781:  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 answer but could someone please help me work out this problem? \n" );
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Algebra.Com's Answer #364711 by KMST(5328)    You can put this solution on YOUR website! Let x be the price of the house and y be the price of the car \n" ); document.write( " \n" ); document.write( "The interest on the house is \n" ); document.write( "The interest on the car is \n" ); document.write( "The total interest for the first year is \n" ); document.write( " \n" ); document.write( "Multiplying times 100 to get rid of some decimals \n" ); document.write( " \n" ); document.write( "The equations \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "It could be solved several different ways. \n" ); document.write( "For example, subtracting the second equation from the first one we get \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Substituting that into \n" ); document.write( " \n" ); document.write( "Tina bought a house for $33,999 and a car for $287,930. \n" ); document.write( "Very strange. \n" ); document.write( "  |