Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The amount borrowed from the the lender that charges 4.4% interest is $1000.
The amount borrowed from the the lender that charges 5.7% interest is $1500.
What are the linear equations that can be derived from the question?
a + b = $2500 equation 1
0.088a + 0.114b = $246 equation 2
Where:
a = amount borrowed from the lender that charges 4.4% interest
b = amount borrowed from the lender that charges 5.7% interest
How much was borrowed from the lender that charges 5.7% interest?
Multiply equation 1 by 0.114
0.114a + 0.114b = 285 equation 3
Subtract equation 2 from equation 3
39 = 0.026b
b = $1500
How much was borrowed from the lender that charges 4.4% interest?
Substitute for b in equation 1
a + $1500 = $2500
a = $2500 - $1500
a = $1000
To learn more about simultaneous equations, please check: https://brainly.com/question/25875552
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
