Raymond B. answered 01/15/26
Math, microeconomics or criminal justice
(5x) + (x) = 620
6x = 620
x = 620/6 = 103 1/3 interest on 4%
and 518 2/3 interest on 2%
5 times as much borrowed at 2 as at 4%
5y+y =20,000
6y = 20,000
y = 20K/6 = 10K/3 = 3,333 1/3 borrowed at 4%
5y = 50K/6 = 16,666 2/3 borrowed at 2%
.02(16,666 2/3) + .04(3,333 1/3) = 466 2/3
possibly they gave inconsistent info in the problem