Question

2500 is lent out in two parts, one at 12% and another one at 12½% If the total annual income is 306, the money lent at 12% is what ​

Answer 1

Answer:

1300

Step-by-step explanation:

let the amount lent out on 12% be x then,

the amount lent out on 12.5% be (2500-x)

therefore,

12x/100+(2500-x)*12.5/100 = 306

12x+31250-12.5x = 30600

0.5x = 31250-30600

0.5x = 650

=> x = 6500/5 = 1300

therefore, the amount lent out on 12% is 1300.

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Answer 2

Answer:

1300 let the amount lent out on 12 be x then, the amount lent out on 12.5 be (2500-x) therefore, 12x100(2500-x)'12.5100 ; 306 12x31250-12.5x 30600 0.5x 31250-30600 0.5x 650 X 65005 1300 therefore, the amount lent out on 12 is 1300.