document.write( "Question 1088663: A realtor borrowed $75,000 to develop some property. He was able to borrow part of the money for one year at 9.5% interest and the rest at 7% interest for one year. The annual interest on the two loan amounts to $6325. How much was borrowed at each rate? \n" ); document.write( "
Algebra.Com's Answer #702995 by addingup(3677)![]() ![]() You can put this solution on YOUR website! 0.095x+0.07(75,000-x) = 6,325 \n" ); document.write( "do the math and you get: \n" ); document.write( "x = 43,000 this is the amount at 9.5%. Subtract from 75,000 to get the amount at 7%. \n" ); document.write( " |