Sunday

February 1, 2015

February 1, 2015

Posted by **Heather** on Saturday, February 13, 2010 at 2:30pm.

- Math -
**drwls**, Saturday, February 13, 2010 at 2:59pmSet this up as an algebra problem in two variables. Let X be borrowed at 10% and Y be borrowed at 8%. Here is what you know:

X + Y = 16,000

0.10X + 0.08Y = 1390

Solve by substitution, or by multiplying the second equation by 10 and subtracting from the first.

X + 0.8Y = 13900

0.2Y = 2100

Y = 10,500

Now solve for X. It is the rest of the $16,000.

**Answer this Question**

**Related Questions**

math - Model this situation w/ a linear system: Melissa borrowed $10, 000 for ...

math - Model this situation w/ a linear system: Melissa borrowed $10, 000 for ...

accounting - The following transactions occurred during July: (1) Received $700...

accounting - Question 2.) Hawkeye Electric Company engaged in the following ...

Math - On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union...

math - On May 23, Samantha Best borrowed $4,000 from the Tri City Credit Union ...

math - On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union ...

math - On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union ...

Math 8th grade - A bank loans a customer $35,000 for a period of 8 yrs. The ...

Accounting - Hawkeye Electric Company engaged in the following transactions ...