Answer:
It is 21
Step-by-step explanation:
Answer:
Step-by-step explanation: This is five-fold proportion
The first ratio gives solution namely
We will write general proportion
a:b= c:d= e:f = g:h= i:j = k
According to this the first ratio gives coefficient k
When we divide 24/2 =12 our coefficient k=12
In the second ratio we will multiply 3 with 12 and get 36.
In the third ratio we will multiplu 5.5 with 12 and get 66.
In the fourth we will divide 108 with 12 and get 9.
In the fifth we will multiply 15 with 12 and get 180.
Finally the ratio is 24:2=36:3=66:5.5=108:9=180:15
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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