Table of contents
- 0. Review of Algebra(0)
- 1. Equations & Inequalities(0)
- 2. Graphs of Equations(0)
- 3. Functions(0)
- 4. Polynomial Functions(0)
- 5. Rational Functions(0)
- 6. Exponential & Logarithmic Functions(0)
- 7. Systems of Equations & Matrices(0)
- 8. Conic Sections(0)
- 9. Sequences, Series, & Induction(0)
- 10. Combinatorics & Probability(0)
1. Equations & Inequalities
Linear Equations
1. Equations & Inequalities
Linear Equations: Study with Video Lessons, Practice Problems & Examples
Back to all problems
85PRACTICE PROBLEM
Sam takes a loan of $572,000 from two banks. If the interest rate of one bank is 6% and that of another bank is 7%, find out the amount borrowed at each rate. Total annual interest paid is $ 37,040.
Sam takes a loan of $572,000 from two banks. If the interest rate of one bank is 6% and that of another bank is 7%, find out the amount borrowed at each rate. Total annual interest paid is $ 37,040.