Ralph Chase plans to sell a piece of property for $170000.He wants the money to be paid off in two ways - a short term note at 10% interest and a long term note at 8% interest. Find the amount of each note if the total annual interest paid is $15400
Ralph Chase plans to sell a piece of property for $170000.He wants the money to be paid off in two ways - a short term note at 10% interest and a long term note at 8% interest. Find the amount of each note if the total annual interest paid is $15400
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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Ralph Chase plans to sell a piece of property for $170000.He wants the money to be paid off in two ways - a short term note at 10% interest and a long term note at 8% interest. Find the amount of each note if the total annual interest paid is $15400.
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