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Anonymous1234

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The following questions were asked by visitors named Anonymous1234.

A bank loaned out 15,000part of it at a rate of 6% per year and the rest at 14%per year. If the interest received in one year totaled 1500, how much was loaned at 6%? 0.6x +14(15,000-x)=1500 0.6+2100-14=1500 1x=1500-2100 x=600 x=600/1 x=600 loaned @6% 15,...
10 years ago
Suppose you have a credit card debt of $6000. Last month, the bank charged you $85 interest on the deb. The solution to the equation is 85=6000/12 r represents the annual interest rate on the credit card. Find the annual interest rate on the credit card....
10 years ago

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The following answers were posted by visitors named Anonymous1234.

10,000?
15 years ago
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