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.
Part of $48000 is invested at a 4% simple interest account and the rest at a 5% simple interest account. The total annual interest from the two accounts is $2180. How much is invested at each rate?
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
Thomas is 2 years more than twice the age of Peter, and the product of their age is 24. Which of the following equation represent the given situation?
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.

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