kbhale1536 kbhale1536

20-02-2020
Business

contestada

Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simple interest rate of 8%. Loans x and y will be consolidated to form loan z with a principal of $(10,000x + 10,000y) and a yearly simple interest rate of r%, where r = .In the table, select a value for x and a value for y corresponding to a yearly simple interest rate of 5% for the consolidated loan. Make only two selections, one in each column.

Respuesta :

jepessoa jepessoa

24-02-2020

Answer:

X = 32

Y = 96

Explanation:

Z = 5%

Z = (0.04X + 0.08Y) / (X + Y)

we can substitute Z:

0.05 = (0.04X + 0.08Y) / (X + Y)

0.05 (X + Y) = 0.04X + 0.08Y

0.05X + 0.05Y = 0.04X + 0.08Y

0.01X = 0.03Y

X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

X = 32
Y = 96

Answer Link

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

Peter put $8,000 into a savings account that pays 6% interest, compounded continuously. After five years, Peter will have a. 8,001.35 in the account. b. 10,79

Which of the following forces is MOST involved in radioactive decay? a. weak nuclear force b. strong nuclear force c. gravity d. electromagnetism

During the 19th century, _________ was the common playing field for European economic expansion, especially between Great Britain, France, and Germany.

Which sentence contains an abstract noun? a. Jenny brews coffee every morning before work. b. What do you think about the new tax law? c. It takes diligence

Concentration camps built by Nazis in 1933 initially held Jehovah’s Witnesses. gypsies. socialists. political prisoners.

Choose the correct pronoun it was she/her who tied up the computer for three hours?

2. The usual toll charge over the bridge is $1.50. If you purchase a special sticker for $10.50, the charge is only $0.80. At least how many trips over the brid

Widget wonders produces widgets. they have found that the cost, c(x), of making x widgets is a quadratic function in terms of x.....the company also discovered

Each month, a retail store awards a blue ribbon to its employee of the month. The probability that Chloe is the employee of the month is 29% in January and 49%

A hallway measuring 90 feet x 7 feet requires 1/2 a fluid ounce of cleaning solution per square foot. How much cleaning solution is required to clean the hallw