The amount that the bank loaned out at 7.9% is $1,574.00
How do represent the amounts lent at different rates?
On the assumption that x amount was loaned at 7.9% and that the remaining amount, (8,200-x) was loan out at 7.4%, we can determine the interest charged on each loan as the loan multiplied by the interest rate
interest on 7.9% loan=7.9%*x=0.079x
interest on 7.4% loan=7.4%*(8200-x)
interest on 7.4% loan=606.80-0.074x
total interest=0.079x+606.80-0.074x
total interest=0.005x+606.80
total interest on loans=614.67
614.67=0.005x+606.80
614.67-606.80=0.005x
7.87=0.005x
x=7.87/0.005
x=amount loaned at 7.9%=$1,574.00
y=$8200-$1574
y=$6,626.00
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Answer:
p = 250 - 15(w)
Step-by-step explanation:
Original amount: 250
No of weeks to return money: w
Amount to pay each week: 15
Amount that he has paid back: 15 × w (When we subtract this term from the total we will get the answer)
So after w weeks he owes his parents :
p = 250 - 15(w)
Answer:
y = (1/2)x - (15/2)
Step-by-step explanation:
goal: to rearrange the expression such that it is in the form
y = f(x); where f(x) is an expression in terms of x
given:
x - 2y = 15 (subtract x from both sides)
-2y = 15 - x (multiply both sides by -1 to make left side positive)
2y = -15 + x (divide both sides by 2 and rearrange)
y = (1/2)x - (15/2)
