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I started with x + y= 318,338 and 0.024x + 0.047 = 14,761.81 and now I my brain stopped
do I use elimination or substitution method? or does it matter? am I headed the right way?
Try it this way: x dollars borrowed at 2.4% and the rest of the money (318338-x) was borrowed at 4.7% Interest on the 2.4% money: .024x Interest on the 4.7% money: .047(318338-x) Total interest for 1 year = .024x + .047(318338-x)=14761.81
Solve that equation
ahhhh ok I try thank you!
you wrote: x + y= 318,338 and 0.024x + 0.047 = 14,761.81 but you forgot to add y to .047, so in actuality: x + y = 318, 338 .024x + .047y = 14,761.81
ok ty Hero, I am still stuck
I cannot figure out how to solve this
ok thank you I keep trying:)
\[.024x +14961.886-.047x=14761.81\] \[-.023x=-200.076\] \[.\]\[x=8698.96=\] 2.4% money
I'm going to do it again on paper just to make sure my solution is correct
It is off by 188.71
yeah, I realize that now
I wrote down the equation wrong again
You made a typo when you typed the total amount of interest. It is 14761.81 NOT 13761.81
I know that Mertsj. I just said that. Repeating what I already stated doesn't help.
Just forget about my solution.