Jenny borrowed a total of $18.000 from two different banks to start a business. One bank charged the equivalent of 6% simple interest, and the other charged 2.5% simple interest. If the total interest after 2 years was $2020, determine the amount borrowed from each bank.
Jenny borrowed $x at 6%?
Jenny borrowed $Y at 2.5%?
Jenny borrowed a total of $18.000 from two different banks to start a business. One bank charged the equivalent of 6% simple interest, and the other charged 2.5% simple interest and the total interest after 2 years was $2020.
Let jenny borrowed $x from the first bank.
Then he must borrow $(18000 - x) from the other bank, because total amount borrowed by him is $18,000.
Our solutions are written by experts, many with advanced degrees, and available 24/7See Solution
Q: solve 1/2x+2/7x=3
Q: A new community sports complex is being built in Alston.. The perimeter of the rectangle playing fe...
A: Let, width= x yardsThe length of the field is 9 yards less than quadruple the width.So, Length = (4x...
Q: Please give help me with a much detailed self-explanatory solution and a clear, visible handwriting ...
A: Prove that Row(A)=Row(A\\') and then get basis for Row(A).
Q: Alma has $1.60 in nickels and dimes. If there are 23 coins in all, how many coins od each kind are t...
A: It is given that the money Alma has is $1.60 in nickels and dimes and the total number of coins are ...
Q: Solve for the variable: √(d+4) -√(6+2d)=-1
A: The equation is given as
Q: x2/3-2x1/3-3=0 solve by making an appropriate substitution
A: We have been given an equation with fractional exponents that we need to solve.
A: Add 4 to both sides first.
Q: state Russel's paradox
A: Russell’s paradox is a famous set-theoretical paradox which shows the inaccuracy of the naïve set th...
Q: (1/y)+(6/y^2−100)−(3/y^2−10y) how do i find the LCD then solve?
A: First we factor y^2-100= y^2-10^2= (y+10)(y-10) [used a^2 - b^2=(a+b)(a-b) formula]
Sorry about that. What wasn’t helpful?