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:
You provided no correct answer
Step-by-step explanation:
The way to correctly solve this problem is by ignoring the 300,000 dollar home part, and simply add the mortgage and the tax which comes out to 7432.26
60? idk really srsly lalalalalallala
Answer:
no they are not reciprocal
Step-by-step explanation:
an example is the reciprocal of 2 would be 1/2

Step-by-step explanation:
yes