document.write( "Question 980818: michelle borrows a total of 3000 from two lenders. one charges 4.6% simple interest the other 6.6% simple interest. she doesn't have to pay back for 4 years. at the end of 4 years she will owe 592 for interest for both. How much did she borrow from each lender
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Algebra.Com's Answer #601896 by Boreal(15235) You can put this solution on YOUR website! x is 4.6% \n" ); document.write( "3000-x is 6.6%\r \n" ); document.write( "\n" ); document.write( "4{.046x)+(.066)(3000-x)}=592 \n" ); document.write( "{.046x)+(.066)(3000-x)}=148 \n" ); document.write( ".046x+198-0.066x=148 \n" ); document.write( "-0.02x= -50 \n" ); document.write( "multiply both by (-50) \n" ); document.write( "x=2500 \n" ); document.write( "3000-x=500\r \n" ); document.write( "\n" ); document.write( "2500*(.046)=115 \n" ); document.write( "500(.066)=33 \n" ); document.write( "Total is $148 per year \n" ); document.write( "$592 in 4 years \n" ); document.write( " |