document.write( "Question 1112196: A bank loaned Joe $130,000, part of it at the mortgage annual interest rate of 7%, and the rest at the credit card annual interest rate of 19%. The total interest the bank received on the loan was $9850. How much was loaned at each rate? \n" ); document.write( "
Algebra.Com's Answer #727214 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! I assume simple interest \n" ); document.write( " \n" ); document.write( "Let \n" ); document.write( " \n" ); document.write( "Let \n" ); document.write( " \n" ); document.write( "-------------------------------------------- \n" ); document.write( "For 7% loan: \n" ); document.write( "(1) \n" ); document.write( "For 19% loan: \n" ); document.write( "(2) \n" ); document.write( "---------------------------------------- \n" ); document.write( "Plug (1) into (2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "and \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "------------------------------------------- \n" ); document.write( "$123,750 was loaned @7% \n" ); document.write( "$6,250 as loaned @ 19% \n" ); document.write( "----------------------------------- \n" ); document.write( "check: \n" ); document.write( "(1) \n" ); document.write( "(1) \n" ); document.write( "(1) \n" ); document.write( "and \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "(2) \n" ); document.write( "OK \n" ); document.write( " \n" ); document.write( " |