Solve the question below

A business has two loans totaling $50,000. One loan has a rate of 8% and the other has a rate of 12%. This year, the business ex

Debora [2.8K]

Answer:

the 8% loan has a principal of $37500

the 12% loan has a principal of $12500

Step-by-step explanation:

Let's start by writing the general equation for the interest hwre I is the interest, P is the principal (in our case would be loan amounts), "r" is the interest rate in decimal form (in our case one would be 0.12, and the other one 0.08), and t is the time in years (in our case 1 year).

$I=P*r*t$

Then we write the interest equation coming from each loan at the end of this year (we call I1 the interest coming from the 12% loan and I2 the interest coming from the 8% one). Since we don't know the loan amounts (in fact those are what we need to find) we will name one "x" and the other "y":

$I=P*r*t\\I1=x * 0.12*1\\I2=y*0.08*1$

Next, we add these last two equations term by term, and replace the addition of both interests by $4500 as given in the information:

$I1=x * 0.12*1\\I2=y*0.08*1\\I1+I2 = 0.12x+0.08y\\4500=0.12x+0.08y$

This is our first equation in the variables x and y which are our unknowns.

Now we generate the second equation on x and y by writing in agebraic terms the other piece of information we have: "the total of the two loans is $50000. That is the addition of the principals x and y should equal $50000:

$x+y=50000$

We solve for y in this last equation and replace its form in terms of x in the equation of the interest, and solve for the unknown x:

$y=50000-x\\4500 = 0.12x +0.08 y\\4500=0.12x+0.08(50000-x)\\4500=0.12x+4000-0.08x\\4500=0.12x-0.08x+4000\\4500=0.04x+4000\\4500-4000=0.04x\\500=0.04x\\x=\frac{500}{0.04} =12500$

Therefore the amount of the loan at 12% is $12500

Now to find the amount of the second loan "y" we use the equation for the totals of the loans:

$x+y=50000\\12500+y=50000\\y=50000-12500=37500$

Therefore, the loan at 8% is $37500

5 0

3 years ago

Ms. Simpson gives her class the following problem:Simplify: 3 (x-2) + 6x. Mikey

Schach [20]

Answer:

first off, when did Marge become a teacher

Step-by-step explanation:

Second off, he didn't flip the sign inside of the parentheses.

3 0

3 years ago

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Which is the height of the triangle?<br> ( PIC IS PROVIDE PLS HELP ME)

zysi [14]

<h3>Answer: 80 meters</h3>

This is an isosceles triangle. The dashed line is the height which is perpendicular to the base 120. The height is always perpendicular to the base. The dashed line cuts the base into two equal pieces (this only works for isosceles triangles when you cut at the vertex like this).

So we have two smaller triangles each with a base of 60 and a height of x. Focus on one of the right triangles and use the pythagorean theorem to solve for x.

a^2 + b^2 = c^2

x^2 + (60)^2 = (100)^2

x^2 + 3600 = 10000

x^2 = 10000 - 3600

x^2 = 6400

x = sqrt(6400)

x = 80

Each smaller right triangle has side lengths of 60, 80, 100

Note the ratio 60:80:100 reduces to 3:4:5. A 3-4-5 right triangle is a very common pythagorean primitive.

5 0

3 years ago

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