2071769 2071769

12-02-2020
Mathematics

contestada

a bank loaned out $16,000, part of it at the rate of 8% per year and the rest at 18% per year. If the interest received in one year totaled $2500, how much was loaned at 8%?

Respuesta :

az46371 az46371

12-02-2020

Answer:

$3800

Step-by-step explanation:

Let A be amount loaned at 8%, then 16000 - A is amount loaned at 18%.

Total Interest = Interest from 8% + Interest from 18%

$2500 = (.08*A) + (.18*(16000-A))

-380 = -.1A

A = $3800

Answer Link

Otras preguntas

Please help!!! The burning of natural gas in a gas stove is an example of a combustion reaction. Natural gas is mostly methane, CH4. The O2 gas comes from the a

Which is not one of Sancho's character traits? he works well with people he is a peacemaker eats lots of meat

Which of the following describes a difference between a sect and an NRM? A sect is much more likely than an NRM to rely on a highly charismatic personality for

An election ballot asks voters to select four city commissioners from a group of sixteen candidates. In how many ways can this be done?

Wendy is a math tutor. She charges $45 for each tutoring session plus $0.80 per mile that she has to drive to and from the session. Write an equation to represe

A hospital records transporter is moving medical records from the hospital to an off-site building. During the transport, a chart falls from the box on to the s

Scores on the Critical Reading portion of the SAT college entrance test in a recent year were roughly Normal with mean 496 and standard deviation 115. You choos

Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does not do what he was asked to do, h

Bacteria, like the Lactobacillus acidophilus use sugar as an energy source for anaerobic cellular respiration. This process produces much less ATP than aerobic

Choose the correct word from the list to complete the sentence. The long _____ left the sailors exhausted. famished mingle shrill voyage wrench