Answer:
the principal amount at a rate of 4% is 2000
principal amount at a rate of 3.5% is 4000-2000 =2000
Explanation:
We have given total amount borrowed = $4000
Let x amount is borrowed at a rate of 4%
So $4000-x is borrowed at rate of 3.5%
Total interest = $150
We know that simple interest
So
0.5 x=1000
x = 2000
So the principal amount at a rate of 4% is 2000
And principal amount at a rate of 3.5% is 4000-2000 =2000
Answer:
Initial valuation of the building A=$540000
Initial valuation of the building B=$300000
Initial valuation of the land=$360000
Explanation:
First,we will calculate the total fair value of all assets:
Total fair value of assets=Fair value of building A+Fair value of building B+Fair value of land
Total fair value of assets=$585,000+$325,000+$390,000
Total fair value of assets=$1,300,000
Initial valuation of the building A=
For building B:
For Land:
Check of answer;
Sum of all initial Values= Lump-Sum
$540000+$300000+$360000=$1,200,000
$1,200,000=$1,200,000