document.write( "Question 1143897: A bank loaned out $14,000, part of it at the rate of 8 % per year and the rest at 16 % per year. If the interest received in one year totaled $1500, how much was loaned at 8 % ? \n" ); document.write( "

Algebra.Com's Answer #764843 by ikleyn(52781) $\"\"$ $\"About$

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document.write( "Let x be the amount loaned at 8%.\r\n" );
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document.write( "Then the amount loaned at 16% is the rest  (14000-x) dollars.\r\n" );
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document.write( "Your equation is\r\n" );
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document.write( "    interest + interest       = total interest,    or\r\n" );
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document.write( "    0.08x    + 0.16*(14000-x) = 1500    dollars.\r\n" );
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document.write( "From the equation express x and calculate\r\n" );
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document.write( "    x =  = 9250.\r\n" );
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document.write( "ANSWER.  $9250 was invested at 8%.\r\n" );
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\n" ); document.write( "\n" ); document.write( "It is a standard and typical problem on investments.\r
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\n" ); document.write( "\n" ); document.write( "If you need more details, or if you want to see other similar problems solved by different methods, look into the lesson \r
\n" ); document.write( "\n" ); document.write( " - Using systems of equations to solve problems on investment\r
\n" ); document.write( "\n" ); document.write( "in this site.\r
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\n" ); document.write( "\n" ); document.write( "You will find there different approaches (using one equation or a system of two equations in two unknowns), as well as
\n" ); document.write( "different methods of solution to the equations (Substitution, Elimination).\r
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\n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( " - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic \"Systems of two linear equations in two unknowns\".\r
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\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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