Kim's Loan:
Let A = amount borrowed from bank A.
Let B = amount borrowed from bank B.
The total loan is $55,000.
Therefore
A + B = 55000 (1)
Bank A charges 8% interest. The interest after 1 year is 0.08A.
Bank B charges 11% interest. The interest after 1 year is 0.11B.
Total interest after 1 year is $5,000.
Therefore
0.08A + 0.11B = 5000 (2)
From (1), obtain
B = 55000 - A (3)
Substitute (3) into (2).
0.08A + 0.11(55000 - A) = 5000
0.08A + 6050 - 0.11A = 5000
-0.03A = -1050
A = -1050/-0.03 = 35000
Answer: Kim borrowed $35,000 from bank A.
Jack's Loan.
A = loan from bank A.
B = loan from bank B.
The total loan is $10,000.
Therefore
A + B = 10000 (4)
Bank A charges 5% interest and bank B charges 6% interest.
Total interest after 1 year is $530, therefore
0.05A + 0.06B = 530 (5)
From (4), obtain
B = 10000 - A (6)
Substitute (6) into (5).
0.05A + 0.06(10000 - A) = 530
0.05A + 600 - 0.06A = 530
-0.01A = -70
A = -70/-0.01 = 7000
Answer: Jack borrowed $7,000 from bank A.
Answer:
2
Step-by-step explanation:
.48 rounds down
.5 rounds up
Answer:
BAngle AOB is half as big as angle COB.
Answer:
A)8000
B) 1296a^4
C) 9x^2
D)100000000
E)0.00097656
F)x^⁶
G)y^11
Step-by-step explanation:
Answer:
72 cents
Step-by-step explanation:
