Loan X has a principal of $10,000x and a yearly simple interest rate of 4%. Loan Y has a principal of $10,000y and a yearly simple interest rate of 8%. Loans X and Y will be consolidated to form Loan Z with a principal of $(10,000x + 10,000y) and a yearly simple interest rate of r%, where r = (4x+8y)/(x+y).
In the table, select a value for x and a value for y corresponding to a yearly simple interest rate of 5% for the consolidated loan. Make only two selections, one in each column.
X Y Value
(A) 21
(B) 32
(C) 51
(D) 64
(E) 81
(F) 96
Answers: 2
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Loan X has a principal of $10,000x and a yearly simple interest rate of 4%. Loan Y has a principal o...
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