document.write( "Question 965190: If interest on a $4,500 loan is $720 what would be the interest on a loan of $ 5, 800 \n" ); document.write( "
Algebra.Com's Answer #589926 by Theo(13342)![]() ![]() You can put this solution on YOUR website! 720/4500 = x/5800\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "cross multiply to get 720 * 5800 = 4500 * x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "solve for x to get x = (720 * 5800) / 4500 = 928\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "assuming the interest rate is the same, then the interest on 5800 should be 928.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "let's see if that's true.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "interest rate on 720/4500 is equal to .16\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".16 * 5800 is equal to 928.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "it works.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this is a direct variation type equation.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "y = k*x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "when y is 720 and x is 4500, then:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "720 = k * 4500.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "solve for k to get k = 720 / 4500 = .16\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "now apply k to your new value for x.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "y = k * x becomes y = .16 * 5800 which becomes y = 928.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |