Wednesday

April 16, 2014

April 16, 2014

Posted by **Molly** on Friday, July 29, 2011 at 9:58pm.

I am not sure what equation needs to be used for this

- MAth -
**Henry**, Saturday, July 30, 2011 at 7:28pmInvested $X in SBA.

Invested $Y in CBP.

X + y = $155,000,

Y = 155000 - x.

0.11x + 0.065(155000-x) = 12,325,

0.11x + 10075 - 0.065x = 12,325,

0.045x = 12,325 - 10075 = 2250,

X = $50,000 Invested in SBA.

Y = 155000 - 50000 = $105,000 Invested in CBP.

**Related Questions**

eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...

Algebra - This assignment is about a car loan. A financial institution in your ...

Business Finance - Assume a bank loan requires a interest payment of $85 per ...

ALG WORD PROBLEM - Loan Mixture: A student takes out a total of $5000 in three ...

ALG WORD PROBLEM - Loan Mixture: A student takes out a total of $5000 in three ...

Math - hollis is paying off 2 student loans. One loan charges 7% interest, per ...

Math - You have recently found a location for your bakery & have begun ...

Math problem - Please help, You have recently found a location for your bakery ...

math - 76% of all clients who apply for SBA loan are approved for the loan. Of ...

Math algebra - Sarah’s two student loans totaled $12,000. One of her loans was ...