document.write( "Question 1089392: Loan Interest Rates: A realtor borrowed $90,000 to develop some property. He was able to borrow part of the money at 5.5% interest and the rest at 6%. The annual interest on the two loans amounts to $5125. How much was borrowed at each rate? \n" ); document.write( "
Algebra.Com's Answer #703784 by addingup(3677)![]() ![]() You can put this solution on YOUR website! 0.055x+0.06(90,000-x) = 5125 \n" ); document.write( "0.055x+5,400-0.06x = 5125 \n" ); document.write( "0.005x = 275 \n" ); document.write( "x = 275/0.005 = 55,000 \n" ); document.write( "Borrowed: \n" ); document.write( "55,000 at 5.5% \n" ); document.write( "35,000 at 6% \n" ); document.write( " |