Ralph Chase plans to sell a piece of property for ​$150000. He wants the money to be paid off in two ways minus−a ​short-term note at 12​% interest and a​ long-term note at 9​% interest. Find the amount of each note if the total annual interest paid is ​$15900. The amount of the 12​% note is ​$___. and the amount of the 9​% note is ​$___

The amount of 12% note is $90,000

The amount of 9% note is $80,000

Step-by-step explanation:

Missing word "The amount of the 12% note is $ and the amount of the 9% note is $"

Selling price = $170,000

Let x be the amount of money paid short term, therefore the amount of money paid long term is (170000 - x)

Given total annual interest = $18,000

Total annual interest = Interest due to short term (x) + interest due to long term (170000 - x)

18,000 = 0.12x + 0.09*(170000 - x)

18,000 = 0.12x + 15,300 - 0.09x

18,000 = 0.03x + 15,300

0.03x = 18,000 - 15,300

0.03x = 2,700

x = 2,700/0.03

x = 90,000

So, the amount of 12% note is $90,000

So long term paid money = $170,000 - $90,000 = $80,000

So, the amount of 9% note is $80,000

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Step-by-step explanation:

hey! so 1 (25) out of 4 (100) is 25 so your answer is 25%. it's like quarters!

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column