Solution-Determining the simple annual interest

Determining the simple annual interest

Assignment Help Mathematics

Reference no: EM131038042

Samantha took out two loans totaling $6000 to pay for her first year of college. She borrowed the maximum amount she could at 3.5% simple annual interest and the remainder at 7% simple annual interest. At the end of the first year, she owed $259 in interest. How much was borrowed at each rate?

Reference no: EM131038042

Questions Cloud

How have different groups reacted to exclusion : What types of factors have influenced whether or not they have gained greater participation, recognition, and/or representation? The material contains some different views on these questions, compare and contrast them. When you mention a concept o..

How many clay figures can she make : Mai has 6 1/4 pounds of clay. Each clay figure she makes takes 5/6 pounds of clay. How many clay figures can she make? If she has any clay left over, explain how you can find how many pounds of clay she has left over.

Items of outdoor garden decor : Leemin Enterprises carries 9,000 items of outdoor garden décor. It’s owner, Peter Ng, uses an ABC classification system. 7% of the items are classified as A. 33% of the items are classified as B. The remaining items are classified as C. How many ite..

Shade out a feasable region : Maximize and minimize p = 2x-y with respect to x+y ≥ 2, x+y ≤ 10, x-y ≥ -2 and x-y ≤ 2. (Draw the lines, shade out a feasable region, look at boundary points)

Determining the simple annual interest : She borrowed the maximum amount she could at 3.5% simple annual interest and the remainder at 7% simple annual interest. At the end of the first year, she owed $259 in interest. How much was borrowed at each rate?

Combination of factor levels produces the longest tool life : A process engineer is trying to improve the life of a cutting tool. He has run a 23 experiment using cutting speed (A), metal hardness (B), and cutting angle (C) as the factors. The data from two replicates are shown in Table 13E.2. (a) Do any of ..

New position in the human resource department : How do you create a new job description for a new position in the human resource department? This will require conducting a job analysis and then writing a job description. The job will provide administrative support to a 10-employee HR office.

Consider how social research plays an important role : In this discussion, consider how social research plays an important role in decision making in your life. List three specific examples of how you use social research for decision making in your academic, personal, and professional life.

Data set contains a total of n numbers : A data set has a median of 41, and four of the numbers in the data set are less than median. The data set contains a total of n numbers.

User Account

All Pages

Determining the simple annual interest

Reference no: EM131038042

Reference no: EM131038042

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT