question in description

Question

Ralph Chase plans to sell a piece of property for ?$165000. He wants the money to be paid off in two waysminus−a ?short-term note at 1010?% interest and a? long-term note at 77?% interest. Find the amount of each note if the total annual interest paid is ?$1425o

Answer 1

Sydney,

 

Could you please confirm the numbers in your question? Are the interest rates 10% and 7%, or something else?

 

The numbers came out repeated and I want to be sure that these are correct before I give you help on this.