document.write( "Question 1097096: Grade 9 question:\r
\n" ); document.write( "\n" ); document.write( "A man lent Rs. 1800 to Rohit at a certain rate of interest and Rs. 2300 to Mohit at 1% higher interest rate. If his annual income from both these sources be Rs. 248.50, find interest rate charged from both respectively.\r
\n" ); document.write( "\n" ); document.write( "Answer to the question is 5.5% and 6.5%.\r
\n" ); document.write( "\n" ); document.write( "I am unable to find steps for the solution.
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Algebra.Com's Answer #711490 by greenestamps(13216)\"\" \"About 
You can put this solution on YOUR website!

Let x be the interest rate on the first loan; then x+.01 is the interest rate on the second.

\n" ); document.write( "The interest on the first loan is 1800x; the interest on the second is 2300(x+.01).

\n" ); document.write( "Since the total interest is 248.50,
\n" ); document.write( "\"1800%28x%29+%2B+2300%28x%2B.01%29+=+248.50\"

\n" ); document.write( "It should be straightforward to solve from there....
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