You lend $240 to your friend he pays you back $270 what intrest did he pay you
1 answer:
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Answer:
Amount invested at 8 % rate = x = $ 15000
Amount invested at 9 % rate = 34000 - x = 34000 - 15000 = $ 19000
Step-by-step explanation:
Total Amount = $ 34000
Let amount invested at 8 % rate = x
Amount invested at 9 % rate = $ 34000 - x
Total interest = $ 2910
291000 = 8 x + 306000 - 9 x
x = 306000 - 291000
x = 15000
So amount invested at 8 % rate = x = $ 15000
Amount invested at 9 % rate = 34000 - x = 34000 - 15000 = $ 19000