Student Loans: A college student has two student loans totaling $12,000. One of the loans is at 6.5% simple interest and the other at 7.2%. After one year, the student owed $811.50 in interest. What is the amount of each loan

Q: James’ dealership pays him a commission of $500 profit on each car sold plus a flat salary of $1500…

A:

Q: Maria’s job pays her $1500 a month. What is her gross bi-weekly wage?

A: Given , monthly wage of Maria= $1500

Q: 6. Ming purchased a car that had a purchase price of $5,400, which included all other costs and tax.…

A: We have to calculate the extra amount paid by ming.

Q: Jamal borrowed ​$9,000 to buy a used car. He borrowed some of the money from a bank that charged…

A: Let Jamal borrowed x dollar from bank and (9000-x) dollars from friend.

Q: Rosie works on a production line and is paid 43 cents for each box she packs. What is her pay for a…

A: Given that Rosie works on a production line and is paid 43 cents for each box she packs. To find…

Q: A man spends 5/8 of his money on rent, and 5/16 of the remainder on electricity. If the final…

A: I am solving this in step 2

Q: John borrowed P15,000 for 2 years and 6 months, with simple interest at 9%. How much does he owe at…

A:

Q: Kelly manages an apartment complex with 42 apartments. The monthly rent for an apartment in the…

A:

Q: Jim borrowed  $23,500  to buy a truck for his business. He borrowed from his parents who charge him…

A: Given that Jim borrowed $23500 from 3 different sources to buy a truck. 1) He borrowed some amount…

Q: Gabriel is driving to a concert and needs to pay for parking. There is an automatic fee of $7 just…

A:

Q: nterest on his $36,000 college loan and 12% interest on his $13,000 car loan. What average interest…

A: Introduction: A number, amount, rate, or other measure expressed as if it were part of a total of…

Q: Maricopa's Success scholarship fund receives a gift of $ 170000. The money is invested in stocks,…

A:

Q: To pay for a $23,800 car, Dante made a down payment of $3600 and took out a loan for the rest. On…

A: Given : Down payment = $3600 Loan Principal amount = 23800 - 3600 = 20200 Loan period = 12*5 = 60…

Q: Kathryn works as a real estate broker in New York City. She makes a base monthly salary and on top…

A:

Q: Pat borrowed $2,000 to help Pay college expenses. The interest rat was 8% annually, and she will…

A: P = 2000 r = 8% annually t = 6

Q: Eric's average income for the first 4 months of the year is $1,450.25, what must be his average…

A: From the provided information, Eric’s average income for the first 4 months of the year = $1450.25…

Q: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

A: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

Q: Margo borrows $300, agreeing to pay it back with 3% annual interest after 224 days. How much…

A: Given, principal amount, P= $300,rate, r=3% annuallyand time, t=224 days =224/365 days now,

Q: Joyce went to a bank to borrow 100,000 pesos for a gadget she wanted to buy. The bank charges a…

A: Here, we have to find How much money she have to pay as a interest.

Q: A bank loaned out $7,500, part of it at the rate of 3% annual interest, and the rest at 8% annual…

A:

Q: Mathalino deposits 18,000 pesos into an account earning 3% interest per annually. How much money…

A: Given:  Mathalino deposits 18000 pesos into an account earning 3% interest per annually. To Find:…

Q: An executive in an engineering firm eams a monthly salary plus a Christmas bonus of 6300 dollars. If…

A: An executive in an engineering firm earns a monthly salary plus a Christmas bonus of 6300 dollars.…

Q: Erasers are on sale for 45 cents each. Pencils are on sale for 40 cents each. Shirley buys 23…

A: It is given that the cost of an eraser is 45 cents and the cost of a pencil is 40 cents. Shirley…

Q: Sarah's two student loans totaled $12,000. One of her loans was 6% simple interest and the other at…

A: Let x be the loan for 6% interest and y be the loan for 9% interest,

Q: A five -month term deposit of $10,000 at Scotiabank earned $175 in interest. What annual rate of…

A:

Q: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

Q: The Adams family goes out for dinner, and the price of the meal is $80. The sales tax on the meal is…

A: Note   Here not mentioned on what price Tip is given i assume that tip on meal price so solved tip…

Q: Maricopa's Success scholarship fund receives a gift of $ 90000. The money is invested in stocks,…

A: given that Maricopa invested his scholarship amount $90,000 in stocks , bonds and CDs. CDs produces…

Q: You buy a $266,000 home with a down payment of 23%. Find the amount of the down payment and the…

A:

Q: You are the administrator of an annual essay contest scholarship fund. This year a $84,000 college…

A: To find- Amount each contestant will receive.

Q: Janina purchased a laptop priced at Php25000. She put Php4500 as downpayment and made equal monthly…

A: Given That, Janina Purchased a laptop priced at Php 25000. She put Php 4500 as a down payment and…

Q: Ethan has $60,000 to invest. He puts part of the money in a CDthat earns 3% simple interest per year…

A:

Q: A bank loaned out $11,500, part of it at the rate of 15% annual interest, and the rest at 6% annual…

A:

Q: Joe borrowed a total of $7000 from two student loans. One loan charged 2% simple interest and the…

A: Given that joe borrowed a total of $7000 from two students loanlet $x is first  loan charged at 2%…

Q: Nicole opened a savings account with $5000 and was paid simple interest at an annual rate of 2%.…

A:

Q: vestments. Ana and Johnny made two invest- ents totaling $45,000. In one year, these investme Ided…

A:

Q: Eli opened a savings account with a one-time deposit of $400. The savings account pays a simple…

A:

Q: Simon's monthly take-home pay (after taxes) is $2200. If he pays 21% of his gross pay (before taxes)…

A:

Q: Salaries An executive in an engineering firm earns amonthly salary plus a Christmas bonus of $8500.…

A: The annual salary is $973000 Christmas bonus is $8500 To find monthly salary

Q: $25,000 car is on sale for 20% off and you have a dealer’s coupon for an extra 5% off. How much will…

A:

Q: A bank loaned out $4,500, part of it at the rate of 5% annual interest, and the rest at 12% annual…

A:

Q: A bank loaned out $29,000, part of it at the rate of 8% annual interest, and the rest at 9% annual…

A: we know that the total amount loaned was $29000 let the one part loaned be x  and the other part of…

Q: Jennifer invested $40,000 for retirement. She invested a portion of her $40,000 in a savings account…

A: To determine the individual investments

Q: Balancing a Checkbook At the beginning of the month, Mike had a balance of $210 in his checking…

A: The amount deposited means amount has been added to the account. Amount written for cheque  means…

Q: Three months after lending money, James received an interest payment of 5 points PHP 812.50. How…

A:

Q: Maricopa's Success scholarship fund receives a gift of $ 175000. The money is invested in stocks,…

A:

Q: To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the…

A:

Q: Samantha is driving to a concert and needs to pay for parking. There is an automatic fee of $10 just…

A: Given Data: The entering fee of the parking lot is: E=$10 The additional fee of parking is:…

Q: Josh makes a $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years.…

A: Consider the information given in the problem, Here the objective is to find the amount of money…