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
Find out more about bank loan interest rate on:brainly.com/question/20796174
#SPJ1
Answer:
Without graphing, determine whether the parabola -2(3x + 5)(6 - x) opens up or down and ... Use the shortcut to write the equation for the axis of symmetry and find the ...
Step-by-step explanation:
9a-5x
step by step explanation:
you can only add and subtract numbers that have the same variables.
12a and 3a are related because there variable is both a.
when u subtract 12a-3a you get the answer of 9a using subtraction.
7x and -2x are the second pair of related terms because they also have the same variable (x)
7x-2x is 5x using subtraction.
put the expression together:
9a-5x
hope this helps!
give me brainliest if it did plz
Answer:
A.
Step-by-step explanation:
Answer:
D. Bring a loan to an end.
Step-by-step explanation:
An amortized loan is a loan with scheduled payment plan which covers both the principal and interest, the interest expense for the period is paid first before the remainder of the payment reduces the principal. It is a way of brining a loan to an end.
