document.write( "Question 806130: Please help me solve this problem: Suppose that you have two student loans, one that charges 3% interest, and the other chargers 5% interest. Last year, you paid a total of $185 in interest. If you owe $500 less on the 3% loan than you do on the 5% loan, how much do you owe each loan? \n" ); document.write( "

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Please help me solve this problem: Suppose that you have two student loans, one that charges 3% interest, and the other chargers 5% interest. Last year, you paid a total of $185 in interest. If you owe $500 less on the 3% loan than you do on the 5% loan, how much do you owe each loan?\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Loan I -----------3%---------------amount--------------x\r
\n" ); document.write( "\n" ); document.write( "Loan II------------5%------------amount---------------(x+500)\r
\n" ); document.write( "\n" ); document.write( "Total interest = 185\r
\n" ); document.write( "\n" ); document.write( "3%x+5%(x+500)=185\r
\n" ); document.write( "\n" ); document.write( "multiply by 100
\n" ); document.write( "3x+5(x+500)=18500\r
\n" ); document.write( "\n" ); document.write( "3x+5x+2500=18500\r
\n" ); document.write( "\n" ); document.write( "8x= 18500-2500
\n" ); document.write( "8x=16000
\n" ); document.write( "/8
\n" ); document.write( "x=2000 on 3%\r
\n" ); document.write( "\n" ); document.write( "2500 @ 5% \n" ); document.write( "

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