document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1044616>Question 1044616</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ralph Chase plans to sell a piece of property for &#8203;$155000. He wants the money to be paid off in two waysminus&#8722;a &#8203;short-term note at 9&#8203;% interest and a&#8203; long-term note at 7&#8203;% interest. Find the amount of each note if the total annual interest paid is &#8203;$12450  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #659955 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel555><B>jorel555(1290)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel555><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=659955\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n be the amount paid off at 9%. Then:<BR>\n" );
document.write( ".09n+.07(155000-n)=12450<BR>\n" );
document.write( ".09n-.07n+10850=12450<BR>\n" );
document.write( ".02n=1600<BR>\n" );
document.write( "n=1600/.02=$80000 at 9%<BR>\n" );
document.write( "155000-80000=$75000 at 7%. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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