Solve the inequality X +1 is less than X +3
2 answers:
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Answer:
At 6% was loaned $14,000
Step-by-step explanation:
Let
x -----> amount loaned at 6%
($20,000-x) ----> amount loaned at 11%
we know that
The interest received on the amount loaned at 6% plus the interest received on the amount loaned at 11% must equal $1,500.
Remember that
so
therefore
At 6% was loaned $14,000