document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1159899>Question 1159899</A>: <I><SPAN STYLE=\"word-break: break-all;\"> ralph Chase plans to sell a piece of property for ​$135000. He wants the money to be paid off in two way - ​short-term note at 11​% interest and a​ long-term note at 8​% interest. Find the amount of each note if the total annual interest paid is ​$12900.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #782997 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=782997\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> ralph Chase plans to sell a piece of property for ​$135000.\r<BR>\n" );
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document.write( " ​short-term note at 11​% interest. Let the amount be x<BR>\n" );
document.write( " and a​ long-term note at 8​% interest, and this amount be y<BR>\n" );
document.write( "x+y =135000--------------(1)\r<BR>\n" );
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document.write( " total annual interest paid is ​$12900. <BR>\n" );
document.write( "11%x + 8%y = 12900<BR>\n" );
document.write( "multiply by 100<BR>\n" );
document.write( "11x+8y = 1290000--------------(2)<BR>\n" );
document.write( "	x	Amount @11%	0.11								<BR>\n" );
document.write( "	y	Amount @ 8%	0.08								<BR>\n" );
document.write( "											<BR>\n" );
document.write( "											<BR>\n" );
document.write( "x	+		y	=	135000.00					<BR>\n" );
document.write( "											<BR>\n" );
document.write( "											<BR>\n" );
document.write( "11.00	x	+	8.00	y	=	1290000.00	.............2				<BR>\n" );
document.write( "Eliminate 	y										<BR>\n" );
document.write( "multiply (1)by		-8.00									<BR>\n" );
document.write( "Multiply (2) by		1.00									<BR>\n" );
document.write( "-8.00	x		-8.00	y	=	-1080000.00					<BR>\n" );
document.write( "11.00	x		8.00	y	=	1290000.00					<BR>\n" );
document.write( "Add the two equations											<BR>\n" );
document.write( "3.00	x				=	210000.00					<BR>\n" );
document.write( "/	3.00										<BR>\n" );
document.write( "x	=	70000.00									<BR>\n" );
document.write( "plug value of			x	in (1)							<BR>\n" );
document.write( "1.00	x	+	1.00	y	=	135000.00					<BR>\n" );
document.write( "70000.00		+	1.00	y	=	135000.00					<BR>\n" );
document.write( "			1.00	y	=	65000.00					<BR>\n" );
document.write( "				y	=	65000.00					<BR>\n" );
document.write( "Ans	x	=	70000.00								<BR>\n" );
document.write( "	y	=	65000.00								<BR>\n" );
document.write( "	70000.00	Amount @11%									<BR>\n" );
document.write( "	65000.00	Amount @ 8%									<BR>\n" );
document.write( " </SPAN>\n" );
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