Between his home mortgage and home equity loan, Lyle is $117,000 in debt. Each month, his home equity loan accumulates 0.5% interest and his mortgage 0.4% interest. After one month, his total accumulated interest is $480. Find the amount of each of these debts.

Between his home mortgage and home equity loan, Lyle is $117,000 in debt. Each month, his home equity loan accumulates 0.5% interest and his mortgage 0.4% interest. After one month, his total accumulated interest is $480. Find the amount of each of these debts.

Name: Please help me with this one 8. Between his home mortgage and home equ
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Description: Please help me with this one 8. Between his home mortgage and home equity loan, Lyle is$117,000 in debt. Each month, his home equity loan accumulates0.5% interest and his mortgage 0.4% interest. After one month, histotal accumulated interest is $480.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter2: Solving Linear Inequalities

Section: Chapter Questions

Problem 13CT

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