A small company took out three different loans totaling $73000 to expand their business. The annualsimple interest rates on each of the loans was 6%, 7%, and 8%. They borrowed $3000 more at 7% than theyborrowed at 8% and the total annual interest on the loans was $5085.Let x, y, and z represent the amounts borrowed at 6%,7%, and 8%, respectively.Write the equation that represents the total amount borrowed.Write the equation that represents the fact that the company borrowed $3000 more at 7% than theyborrowed at 8%.Write the equation that represents the total annual interest.How much money did they borrow at each rate?Amount borrowed at 6%: $Amount borrowed at 7%: $Amount borrowed at 8%: $

A small company took out three different loans totalling to expand their business.The annual rate…

Answered: A small company took out three…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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In a certain city, the cost of a taxi ride is.computed as follows. There is a fixed charge of $2.75 as soon as you get in the taxi, to which a charge of $2.30 per mile is added. Find an equation that can be used to determine the cost, C, of an x-mile taxi ride. OA. C=5.05x OB. C 2.75 +2.30x OC. C=2.30 +2.75x OD. C=3.55x
During one month, the cost for renting a car in Mobile, Alabama was $68.22 per day plus 25 cents per mile. For a one day rental, let x denote the number of miles driven and let y denote the total cost, in dollars. Find the equation that expresses y in terms of x, find the total cost when car is driven 150 miles, and determine how many miles were driven if the cost of renting a car is $70.22.
Write an equation relating the variables in each of the following situations. a. The pay P for t hours at $17 an hour. b. The total pay P for a day of t working hours on which you charge a base rate of $26 and $19 for each hour worked. c. The total pay P for t hours at $20 for the first hour and $14 for each additional hour.
A small business borrowed $225,000 from three different lenders to expand their product line. The interest rates were 5%, 6%, and 7%. Find how much was borrowed at each rate if the annual interest came to $13,000. Twice as much was borrowed at the 5% rate than was borrowed at the 7% rate.
The average weekly savings of David and Andrew is $22. If David's and Edward's average weekly saving is $25, how much less does Andrew save than Edward?
Based on the veterinarian's equation, in how many weeks will the puppy weigh 12.6 ounces?Enter your answer in the box. Only enter a number
A student moves into a bigger apartment that rents for $750 per month. That rent $200 less than twice what she had been paying. Find her former rent in dollars.
Ms. Parker deposits $8000 in one simple interest account and $2000 in a second simple interest account. The interest rate on the $8000 account is 2% more than the rate on the $2000 account. If the total yearly amount of interest earned on the $8000 account is $459 more than the interest earned on the $2000 account, find the interest rate on each account.
A total of $6000 is invested for 5 yr with a total return of $1080. Part of the money is invested in a fund that returns the equivalent of 2% simple interest. The rest of the money is invested at 4% simple interest. Determine the amount invested in each account.
A shoe store marks up the price of its shoes at 130% over cost. A pair of shoes goes on sale for 15% off and then on the clearance rack for an additional 35% off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express the store's profits on these shoes as a percentage of the original cost.
an artist invests in a mutual fund account paying 8% and $8000 more than three times as much in a mutual fund account paying 6%. her total annual interest income from the investments is $1520. how much does she invest at each rate?
Donald and Mickey have each been saving money for several months. Ever since the begining of this month, December, they have each been saving at the same daily rate as each other. On December 4, Donald had a total of $46 and by December 16 he had $88. If Mickey had $76.50 on December 16, find an equation that models how much total money Mickey has x days into December. Then find out how much money Mickey will have by the end of the month. can u show ur work pls and tysm :-)))

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