vera has two loans total 9000$. One loan is at 5%simple interest and the other one is at 6% interest at the end of the year vera owes 492what is the amount of each loan

vera has two loans total 9000 One loan is at 5simple interest and the other one is at 6 interest at the end of the year vera owes 492what is the amount of each class=

Respuesta :

eg. the first loan is x, the second loan will be (9,000 - x)

First, we need to make an equation based on the problem
first interest + second interest = 492
5% of x + 6% of (9,000 - x) = 492
This is the equation

Second, solve the equation and find out the value of x (first loan)
0.05x + 0.06(9.000 - x) = 492
0.05x + 540 - 0.06x = 492
-0.01x + 540 = 492
-0.01x = 492 - 540
-0.01x = -48
x = -48/-0.01
x = 4,800

Third, find the second loan
9,000 - x
= 9,000 - 4,800
= 4,200

SUMMARY
The first loan that has interest of 5% is $4,800
The second loan that has interest of 6% is $4,200