Answer:
$11,600
Step-by-step explanation:
amount loaned at 8% and ($12,000 - x) = amount loaned at 18%
Write the equation: (change the percents to decimals: 8% = 0.08 and 18% = 0.18)
(0.08)x + (0.18)($12,000 - x) = $1,000
This expresses the total amount of earned interest in terms of the amounts of the loan, x and ($12,000 - x}.
0.08x + $2,160 - 0.18x = $1,000 Simplify and solve for x.
-0.1x = -$1,160 Divide both sides by -0.1
x = $11.600 The amount loaned at 8% interest.
good luck
2x-5= -20
move -5 to the other side
sign changes from -5 to 5
2x-5+5= -20+5
2x= -15
divide by 2 for both sides
2x/2= -15/2
cross out 2 and 2, divide by 2 and 2 and then becomes x
x= -15/2
