subject
Mathematics, 12.08.2021 01:00 sakshimehta

A student takes out two loans totaling $3000 to help pay for college expenses. One loan is at 7% interest and the other is at 9% interest. The total interest earned in the first year is $233. Interest for both loans is compounded annually. Required:
a. If the first-year interest is $264, write a system of equations whose solution is the amount of each loan.
b. Find the amount of each loan.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 22:30
Question 3(multiple choice worth 1 points) use the arc length formula and the given information to find r. s = 16 cm, θ = 48°; r = ? sixty divided by pi cm thirty divided by pi cm one third cm one hundred twenty divided by pi cm
Answers: 1
question
Mathematics, 21.06.2019 23:00
Aquadrilateral has exactly 3 congruent sides davis claims that the figure must be a rectangle why is his claim incorrect.
Answers: 1
question
Mathematics, 22.06.2019 01:40
(co 3) the soup produced by a company has a salt level that is normally distributed with a mean of 5.4 grams and a standard deviation of 0.3 grams. the company takes readings of every 10th bar off the production line. the reading points are 5.8, 5.9, 4.9, 6.5, 5.0, 4.9, 6.2, 5.1, 5.7, 6.1. is the process in control or out of control and why? it is out of control as two of these data points are more than 2 standard deviations from the mean it is in control as the data points more than 2 standard deviations from the mean are far apart it is out of control as one of these data points is more than 3 standard deviations from the mean it is in control as the values jump above and below the mean
Answers: 2
question
Mathematics, 22.06.2019 02:30
How many degrees are there in the central angles in a circle
Answers: 1
You know the right answer?
A student takes out two loans totaling $3000 to help pay for college expenses. One loan is at 7% int...
Questions
question
History, 27.01.2021 18:00
question
Chemistry, 27.01.2021 18:00
question
Mathematics, 27.01.2021 18:00
question
Biology, 27.01.2021 18:00
question
Mathematics, 27.01.2021 18:10
question
Geography, 27.01.2021 18:10
question
Mathematics, 27.01.2021 18:10
question
Mathematics, 27.01.2021 18:10
question
Mathematics, 27.01.2021 18:10
Questions on the website: 13722362