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A bank lends two people a total of $b. The first person pays x% interest and the second person pays y% interest.
The amount of interest received by the bank is the same for each loan. How much was loaned at x%
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Let "a" be the amount loaned at x%, in dollars.
Then the amount loaned at y% was (b-a) dollars.
Write this equation as you read the problem
=
. (1)
In this problem , b, x and y are given value (in symbolic form). The unknown is the value of "a".
From equation (1)
ax = y*(b-a),
ax = yb - ya
ax + ay = yb
a*(x+y) = yb
a =
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ANSWER. The amount loaned at x% was
.
Solved.