
Mark M. answered 12/29/19
Mathematics Teacher - NCLB Highly Qualified
i = p * r* t
0.025x(4) + 0.03(3000 - x)(4) = 310
0.025x + 0.03(3000 - x) = 77.5
0.025x + 90 - 0.03x = 77.5
-0.005x = -125
x = 2500
Citlalli L.
asked 11/27/19Trey borrowed a total of $3000
from two student loans. One loan charged 3%
simple interest and the other charged 2.5%
simple interest, both payable after graduation. If the interest he owed after 4
years was $310
, determine the amount of principal for each loan.
Mark M. answered 12/29/19
Mathematics Teacher - NCLB Highly Qualified
i = p * r* t
0.025x(4) + 0.03(3000 - x)(4) = 310
0.025x + 0.03(3000 - x) = 77.5
0.025x + 90 - 0.03x = 77.5
-0.005x = -125
x = 2500
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