document.write( "Question 61802: Partners in a busness agreed to take out two loans totaling $35000. The yearly interest rates were 12% and 15%, and the total yearly interest was $4650. Find the amount of each loan. \n" ); document.write( "
Algebra.Com's Answer #42618 by tutorcecilia(2152)![]() ![]() You can put this solution on YOUR website! Ax+By=C [use the standard form of a line] \n" ); document.write( ".12x+.15y=4650 [change percents to decimals] \n" ); document.write( "and x+y=35,000 \n" ); document.write( "So,x+(35,000-x)=35,000 \n" ); document.write( "Putting it all together: \n" ); document.write( ".12x+.15(35,000-x)=4650 [simplify and solve for x]\r \n" ); document.write( "\n" ); document.write( ".12+5250-.15x=4650 \n" ); document.write( "-.03x=4650-5250 \n" ); document.write( "-.03x=-600 \n" ); document.write( "x=$20,000 invested at 12% \n" ); document.write( "y=$35,000-x=($35,000-$20,000)=$15,000 invested 15% \n" ); document.write( ". \n" ); document.write( "Check by plugging in all of the values back into the original equation.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |