Answer:
So the portion of the loan lent at 4% is 21000(0.5955) = $12,505.5
And the portion of the loan lent at 15% is 21000(0.4045) = $8494.5
Step-by-step explanation:
This problem can be solved in several ways. The way I like is as follows.
Ask yourself at what interest would $ 21,000 yield and interest of $ 2,215 in one year ? The equation to solve is:
21000(P) = 2215
P = 0.1055 or 10.55 %
This number is a weighed average of the 4% yield and the 15% yield so the next equation to solve is
10.55 = 4(1 – X) + 15X
Where X is the proportion of the loan given at the indicated interest. So
10.55 = 4 – 4X + 15X
6.55 = 11X
X = 0.5955
1-X = 0.4045
So the portion of the loan lent at 4% is 21000(0.5955) = $12,505.5
And the portion of the loan lent at 15% is 21000(0.4045) = $8494.5
Answer:
See below.
Step-by-step explanation:
So we started off with the equation:
And we subtracted x from both sides to acquire:
Now, this is essentially slope-intercept form. Recall that the slope-intercept form is:
Where m is the slope and b is the y-intercept.
If we rearrange our equation:
And put some parentheses:
We can see that this is indeed slope-intercept form.
And we can see that m is -1 and b is 2.
In other words, the slope is -1 and the y-intercept is 2.
Answer:
456
Step-by-step explanation:
Answer:
Answer: The fractions equivalent to 2/5 are 4/10, 6/15, 8/20, etc.