Answer:
Step-by-step explanation:
Answer:
9 over 5
Step-by-step explanation:
D) Picking up 12 kids for a party and then dropping 12 kids off at the pool
Answer:
Since we are talking annual interest and, I assume a time period of 1 year:
The interest earned is the sum of the interest earned on the two loans separately
Let x = amount loaned at 14%
18,500-x = amount loaned at 12%
I = prt
p = x and 18500-x
r = 0.14 and 0.12
t = 1
2390 = 0.14x + 0.1(18500-x)
2390 = .14x + 1850 - 0.1x
x = 13500
x = $13,500 loaned at 14%
18500-x = $5,000 loaned at 12%
