document.write( "Question 812028: I am in a College Algebra class online and could use a little help with a word problem regarding banking.\r
\n" ); document.write( "\n" ); document.write( "The question is:
\n" ); document.write( "Wendy, a loan officer at a bank, has 1,000,000 to lend and is required to obtain an average return of 18% per year. If she can lend at the rate of 19% or at the rate of 16%, how much can she lend at the rate of 16% and still meet her requirement?\r
\n" ); document.write( "\n" ); document.write( "I am thinking that you would use the formula I=PRT but I am unsure of how to set up this problem. \n" ); document.write( "
Algebra.Com's Answer #488999 by Alan3354(69443)\"\" \"About 
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Wendy, a loan officer at a bank, has 1,000,000 to lend and is required to obtain an average return of 18% per year. If she can lend at the rate of 19% or at the rate of 16%, how much can she lend at the rate of 16% and still meet her requirement?
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\n" ); document.write( "18% of 1000000 = 180000 she has to make on interest.
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\n" ); document.write( "s = amount @ 16%
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\n" ); document.write( "0.16s + 0.19(1000000 - s) = 180000
\n" ); document.write( "16s + 19000000 - 19s = 18000000
\n" ); document.write( "-3s = -10000000
\n" ); document.write( "s = $333,333.33
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