Ralph Chase plants to sell a piece of property for 150000. He wants the money to be paid off in two ways a short term note at 11% interest and a long term note at 8% interest. Find the amount of each note if the total annual interest paid is 14400.
Ralph Chase plants to sell a piece of property for 150000. He wants the money to be paid off in two ways a short term note at 11% interest and a long term note at 8% interest. Find the amount of each note if the total annual interest paid is 14400.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.52TI: Loren lent his brother $3,000 to help him buy a car. In four years, his brother paid him back the...
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Ralph Chase plants to sell a piece of property for 150000. He wants the money to be paid off in two ways a short term note at 11% interest and a long term note at 8% interest. Find the amount of each note if the total annual interest paid is 14400.
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