Two business partners decided to borrow $30,000 start-up money for their business. One borrowed a certain amount at a 16.5% interest rate and the other one borrowed the rest of the money at a 12.5% interest rate. How much money did each business partner borrow if the total interest amount at the end of the year was $4150?

Answers

Answer 1

Answer:

Step-by-step explanation:

Let's assume the first business partner borrowed x dollars and the second partner borrowed (30000 - x) dollars.

The interest earned by the first partner at a rate of 16.5% is (x * 0.165), and the interest earned by the second partner at a rate of 12.5% is ((30000 - x) * 0.125).

According to the given information, the total interest earned by both partners is $4150. So, we can write the equation:

(x * 0.165) + ((30000 - x) * 0.125) = 4150

Now, let's solve this equation to find the values of x.

0.165x + 0.125(30000 - x) = 4150

0.165x + 3750 - 0.125x = 4150

0.04x = 400

x = 400 / 0.04

x = 10000

Therefore, the first business partner borrowed $10,000 at a 16.5% interest rate, and the second partner borrowed (30000 - 10000) = $20,000 at a 12.5% interest rate.

Answer 2

Let's call the amount borrowed by the business partner at 16.5% "x" and the amount borrowed by the other business partner "y".

We know that the total amount borrowed is $30,000, so:

x + y = $30,000

We also know that the interest earned by the first business partner is 16.5% of x, and the interest earned by the second business partner is 12.5% of y.

So the total interest earned for the year is:

0.165x + 0.125y = $4150

We now have two equations with two unknowns, which we can solve for x and y.

First, let's isolate one of the variables in the first equation:

x = $30,000 - y

Now we can substitute this expression for x into the second equation:

0.165($30,000 - y) + 0.125y = $4150

0.165($30,000 - y) + 0.125y = $4150

$4,950 - 0.165y + 0.125y = $4150

Combine like terms:

-0.04y = $4150 - $4,950

-0.04y = -$800

Divide both sides by -0.04 to isolate y:

y = -$800 / -0.04

y = $20,000

Now that we have the value of y, we can substitute it back into the first equation to find x:

x + $20,000 = $30,000

x = $30,000 - $20,000

x = $10,000

So, the amount borrowed by the first business partner is $10,000, and the amount borrowed by the second business partner is $20,000.


Related Questions

Find the value of x, Problem is below. Solve correctly for brainiest and 5 stars!

Answers

x + 2x + 21 = 180
3x = 159
x = 53°

A portion of the graph of f(x) = −x2 + 6x − 5 is shown. Which of the following describes all solutions for f(x)? a partial parabola opening down and passing through 1 comma 0 and 5 comma zero with endpoints at 0 comma negative 5 and 6 comma negative 5
(x, y) for all real numbers
(x, −x2 + 6x − 5) where 0 ≤ x ≤ 6
(x, −x2 + 6x − 5) where 1 ≤ x ≤ 5
(x, y) where 1 ≤ x ≤ 5

Answers

Answer:

c

Step-by-step explanation:

The grocery store is mile from Katie’s house and the gas station is 0.5 mile from Katie’s house.
Which comparison of these distances is both true and correctly justified?
A. Because 0.5 < , the gas station is closer than the grocery store.
B. Because 0.5 < , the grocery store is closer than the gas station.
C. Because < 0.5, the gas station is closer than the grocery store.
D. Because < 0.5, the grocery store is closer than the gas station.

Answers

Is it everything in the same direction or the things on opposite sides of the house?

PLZ HELP MEEEEEEEEEEEEEEEEEEEEEEE

Answers

Answer:

easy, The answer is A) 30

Step-by-step explanation:

so a triangle's angle equals 180, if all the side lengths are equal then all the angles are equal, this means the angles equal 60 and half is 30.

The answer is A if I’m seeing it right !

Can someone help me
Question 1 (5 points)
Saved
(06.01 LC)
The value of 33 + 42 = ___. (5 points)

Question 1 options:
17
Question 2 (5 points)
Saved
(06.01 MC)

What is the value of the expression shown below?

7 + (2 + 6) 2 ÷ 4 ⋅ (5 points)

Question 2 options:

1)

23


2)

18


3)

9


4)

8

Question 3 (5 points)
Saved
(06.02 LC)
Which expression represents the product of 8 and y? (5 points)

Question 3 options:

1)

8 + y

2)

8y

3)

8 − y

4)


Question 4 (5 points)
Saved
(06.02 LC)
What best describes the expression ? (5 points)

Question 4 options:

1)

3 more than some number

2)

Some number times 3

3)

Some number divided by 3

4)

3 less than some number
Question 5 (5 points)
(06.03 LC)
What is the constant term in the expression 8xy + 9x2 y − 5x − 2? (5 points)

Question 5 options:

1)

−5

2)

−2

3)

8

4)

9
Question 6 (5 points)
(06.03 MC)
Which of the following best describes the expression 5(x + 2)? (5 points)

Question 6 options:

1)

The sum of constant factors 5 and x + 2

2)

The product of constant factors 5 and x + 2

3)

The sum of a constant factor 5 and a 2-term factor x + 2

4)

The product of a constant factor 5 and a 2-term factor x + 2
Question 7 (5 points)
(06.04 LC)
If s = unit and A = 12s2, what is the value of A, in square units? ____ square unit(s). (Input whole number only.) (5 points)

Question 7 options:
Question 8 (5 points)
(06.04 MC)
The equation below shows the total volume (V), in cubic units, of 5 identical boxes with each side equal to s units:

V = 5s3

If s = 1.4 units, what is the value of V? (5 points)

Question 8 options:

1)

13.72 cubic units

2)

19.21 cubic units

3)

21 cubic units

4)

25 cubic units
Question 9 (5 points)
(06.06 LC)

Which expression is equal to a + (b + c)? (5 points)

Question 9 options:

1)

(a + b) + c


2)

(a + b) ⋅ c


3)

a + bc


4)

b + ac

Question 10 (5 points)
(06.06 MC)
A student attempted to generate an equivalent expression using the distributive property, as shown below:

2(x + 5) = 2x + 5

What was the mistake made? (5 points)

Question 10 options:

1)

2 was not multiplied by x

2)

2 was not multiplied by 5

3)

Incorrect sign was used for the first term

4)

Incorrect sign was used for the second term
Question 11 (5 points)
(06.07 LC)
Which expression is equivalent to 6p + 6p? (5 points)

Question 11 options:

1)

12p

2)

36p

3)

12 + 2p

4)

p6
Question 12 (5 points)
(06.07 MC)
Four expressions are shown below:

4(8x + 2)
4(7x + 3)
32x + 8
28x + 12
Which two expressions are equivalent to 4(7x + 2 + x)? (5 points)

Question 12 options:

1)

A and B

2)

B and C

3)

A and D

4)

A and C

Answers

Answer:

The value of 33 + 42 = _75__. (5 points)

7 + (2 + 6) 2 ÷ 4 = 15

Step-by-step explanation:

hi hope everyone is doing well but can some pls help me with these
use inverse operations to solve :
X-5=15 X=?
X/5=15 X=?
5X=15 X=?
X+5=15 X=?
X-6=10 X=?

Answers

1. X=20
2. X=75
3. X=3
4. X=10
5. X=16
X=20
X=75
X=3
X=10
X=16
That it’s the answer

PLS HELP ILL GUVE BRIANLIEST!

Answers

Answer:

343 ft^2  (Closest to Answer D)

Step-by-step explanation:

The triangle on the left has height 24 ft and base 18 ft, and therefore, by the area-of-a-triangle formula A = (1/2)(b)(h), the area of the triangle is

A = (1/2)(24 ft)(18 ft) = 216 ft^2.

The semicircle on the right has radius (18 ft)/2, or 9 ft.  Using the area-of-a-semicircle formula A =(pi)(r)^2/2, we find this particular semicircle to have area

A = (pi)(9)^2/2, or approximately 127 ft^2

Adding these two subareas together results in total area

A = (216 ft^2) + (127 ft^2) = 343 ft^2   (Answer D)

The answer to your question is D

PLZZZ help with this its pretty simple!

Answers

Answer:

B

Step-by-step explanation:

hope this helps

The answer is B good luck :)

Please help, very much appreciated.

Answers

Answer:

22 1/5 miles per gallon

Step-by-step explanation:

Not sure if the answer is correct i think it is 45/2 turn this in to a proper fraction

becuase 1/90 gallons=1/4 miles so

1/4 times 90 again not sure if i correct.

PLZZZZZZZZZZZ help me with this

Answers

2x(x+1)

________________________
It’s 2x(x+1) and here’s the solving steps in case you need it (:

Coach Riley asked 35 students to count the number of push-ups they completed during class. The results are displayed in the box plot.
He then asked them to complete 4 more by the end of class.

Which of the following statements is TRUE about a new plot with the altered data?
A - The range will Increase by 4 units

B - The median will be greater than 46.

C - The plot will be translated 3 units to the right.

D - The interquartile range will be 4 times larger.

Answers

Answer:

I think A

Step-by-step explanation:

To graph the point (2, 10) on the coordinate plane, start at the origin. Move 2 units _______ and 10 units ________ . 40 points

Answers

Answer:

2 units to the right and 10 units up

Step-by-step explanation:

plz help go to link and the question is there

Answers

Answer:

hey mate.......pls don't attach link.....take screenshot of it

Answer:

!ck+as$

Step-by-step explanation:

U put it in and u win

A dolphin is at -28 feet. It swims up and jumps to a height of 8 feet. Write a subtraction expression for the vertical distance the dolphin travels.

Answers

Answer:

8-(-28) is the subtraction expression

Brandi earned $7 babysitting and $12 cleaning
out the garage. Write two equivalent expressions using the
Commutative Property that can be used to find the total amount
she earned.

Answers

I’m pretty sure it will be 7+12 and 12+7
Add 7 and 12 to get your answer then switch to 12 and 7

The post office is 0.15 mile from Abdul’s house. His school is 3/8 mile from the post office.
If Abdul stops at the post office on his way to school, how far will Abdul walk in all?
A. 0.15 mile
B. 0.225 mile
C. 0.375 mile
D. 0.525 mile

Answers

The answer is D
Explanation:
0.15+0.38=.53
So D is the closest
The correct Answer is D
0.525 miles

According to its packaging, the circular base of a table lamp has a circumference of 50.24 centimeters. What is the lamp base's radius?

Answers

Answer:

r=8cm

Step-by-step explanation:

r=C

2π=50.24

2·π≈7.99594cm

100 points on this question
Please help

Answers

Answer:

I really don't know sorry

Step-by-step explanation:

I am in need of points took much

The answer is B idrk but i suggest using quizlet or socratic

The stem-and-leaf plot shown below has no mode. True False

Answers

Answer:

The answer is false, mode is the value that appears most in a set of data. There are many numbers that appear more than once.

Answer:

false

Step-by-step explanation:

Which of these is NOT A REASON the South was opposed to tariffs?

A. It was a way to limit slavery
B. the South was forced to buy manufactured goods from the North
C. Texas could buy imported items at a cheaper price than from Northern factories
D. Because it was a basically a tax on imported goods

Answers

Answer:

A

Step-by-step explanation:

Answer:

a

Step-by-step explanation:

please help me i am stuck on this math question please show work

Answers

The answer is 18...
150/5 = 30 540/30 = 18

Is this correct?? if not pls tell me the correct answer

Answers

Answer:

no, but it is A.

A is the correct answer

Use the picture were it says a, b, c, d those are the steps

Answers

Answer:

a. Opens downwards (since the the value of 0.4 is negative)

b. Has a maximum (since the parabola opens down)

c. Is not a reflection of the parent function (since the parabola is widened by the scale factor of 0.4).

d. Is a stretch since it is widened by the scale factor of 0.4

Hope this helps!

Carli’s class built some solar-powered robots. They raced the robots in the parking lot of the school. The graphs below are all line segments that show the distance d, in meters, that each of three robots traveled after t seconds.
1) Each graph has a point labeled. What does the point tell you about how far that robot has traveled?
Robot A:d =
Robot B:d =
Robot C:d =
2) Carli said that the ratio between the number of seconds each robot travels and the number of meters it has traveled is constant. Is she correct? Explain in detail.
3) How fast is each robot traveling? How did you compute this from the graph?
Robot A:
Robot B:
Robot C:

Answers

im guessing its nothing

Step-by-step explanation:

Dont send me pdfs or links please answer correctly for brainliest
Determine whether each sample is unbiased with complete sentences.

1. The population is every person living in the town of Greenblueville.

A. Sample: All people who signed up to participate in a survey at the courthouse.

B. Sample: Every person in the town is put onto a list in order of youngest to oldest. Every 101st person is chosen.

C. Sample: All names are written on pieces of paper and dropped into a container. Three hundred names are drawn.

D. Sample: Every person who enters the local gas station on Wednesday between the hours of 1 and 3pm is used in the sample.

Answers

Answer:

C. Sample: All names are written on pieces of paper and dropped into a container. Three hundred names are drawn.

Step-by-step explanation:

please mark this answer as brainlest

C all the names are written on a piece of paper and dropped into a jar

Select the correct answer.
What is the missing side length in this right triangle?



A.
15
B.
21
C.
225
D.
441

Answers

Answer:

Where is the triangle? At least say the other sides length

A plumber has a 2-meter length of pipe. He needs to cut it into sections that are 10 centimeters long. How many sections will he be able to cut? (I will give brainliest if you answer first)

Answers

Answer:

20 - 10 cm sections can be cut from a pipe of original length 2 m

Step-by-step explanation:

Convert 2 meters to cm:  

2 m       100 cm

------ * ---------------- = 200 cm

  1             1 m

Next, divide this 200 cm total length by (10 cm/section) to determine the number of sections:

200 cm

--------------------- = 20 sections

10 cm/section

20 - 10 cm sections can be cut from a pipe of original length 2 m

(File attached) Show how you got the answer for brainliest

Answers

Answer:

Step-by-step explanation:

in the first one 2,4,6,and 8 are equal meaning they all equal to 75. the other angles 1,3,5,and 7 equal 105 because 180 - 75 = 105

for the other ones i'm not sure srry

I NEED HELP FAST! find the surface area of the composite figure.

Answers

Answer: B                            

324m2

6x6 +8 x6/2x4 +4x6 x4= 324m2                                

                                             

Answer B I think and I like ur pfp :)

The area of triangle ABC is __ square units.

Answers

Answer:

17.5

Step-by-step explanation:

(7)*(5)*(.5)= 17.5

Answer 17.5
Answer 17.5
Other Questions
What communicable disease is also known as pinkeye? Influenza. Mononucleosis. Conjunctivitis. Tonsillitis. how do you find how many pounds he used, and how many pounds did he use? A cash flow statement is one of the basic financial statements that is required underIFRSGAAPI.NoYesII.NoNoIII.YesNoIV.YesYesA. IB. IIIC. IVD. II A sample of milk is found to have arsenic at a concentration of 3.57 ug/L. What is the concentration in ounces per gallon? 1 qt 946.4 mL 1 gal 4 qt 16 oz- 1 lb 1 lb- 0.4536 kg A) 2.68 x 103 oz/gal B) 4.77 x 10-7 oz/gal C) 2.46 ozlgal D) 3.84 x 104 oz/gal E) 3.32 x 108 oz/gal Imagine that scientists have found a planet with an outer layer divided into plates made of hard, solid rock, but the mantle below the plates is made of hard, solid rock instead of soft, solid rock as it is on Earth.Do you think plate motion would take place on that planet? Why or why not? Meteorologists are interested in the relationship between minimum pressure and maximum wind speed of hurricanes. The minimum pressure, in millibars, and maximum wind speed, in knots, were collected for a random sample of 100 hurricanes from the year 1995 to the year 2012. A regression analysis of maximum wind speed on minimum wind pressure produced a 95 percent confidence interval of (-1.42, -1.20) for the slope of the least-squares regression line. Which statement is a correct interpretation of the interval? Which of the following statements best describes the purposes behind direct U.S. entry (as a combatant) in World War II?a) To stop Nazi persecutions and annihilations of Jews and other subject peoples.b) To stop the atrocities being committed by Japanese forces against civilian populations in East Asia.c) To contest Japanese expansion on the Asian mainland and in the central Pacific.d) To protect Britain from Nazi invasion. You prepare a standard by weighing 10.751 mg of compound X into a 100 mL volumetric flask and making to volume. You further dilute this solution 5 mL to 25 mL. This standard gives an area of 4,374. Your sample is prepared by adding 5 mL of sample solution into a 50 mL flask and making to volume. This gives an area count of 2,582. Calculate the concentration of compound X in the sample - prior to dilution. Can someone please tell me how to do these chords? Herbert Inc, acquired all of Rambis Company's outstanding stock on January 1, 2020 for $592,000 in cash. Annual excess amortization of $15.700 results from thes transaction. On the date of the takeover, Herbert reported retained earnings of $408,000, and Rambis reported a $205,000 balance Herbert reported internal net income of $45,000 in 2020 and $58,700 in 2021 and declared $10,000 in dividends each year Rambas reported net income of $25,900 in 2020 and $39600 in 2021 and declared $5,000 in dividends each yeara. Assume that Herbert's internal net income figures above do not include any income from the subsidiaryif the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 20217What would be the amount of consolidated retained earnings on December 31, 2021, if the parent had applied either the initialValue or partial equity method for internal accounting purposes?b. Under each of the following situations, what is the Investment in Raimbis account balance on Herbert's books on January 1, 2021The parent uses the equity methodThe parent uses the partial equity method.The parent uses the initial value methodc. Under each of the following situations, what is Entry C on a 2021 consolidation worksheet?My folderCareerLifeHerbert, xN. SOLVED XCChegg xC For each xC Haynes, XC ASAP!!!X+chegg.com/homework-help/questions-and-answers/herbert-inc-acquired-rambis-company-s-outstanding-stock-january-1-2020-592-000-cash-The parent uses the equity method. The parent uses the partial equity method The parent uses the initial value method Joses his yearly wages were $50 more than marks, so he earned 16,815.43. Yet he said his taxes are the same as marks. Is he right? How can you tell? Can you help me solve this?Y-intercept= 4, goes through the point (2, 3)Please solve using y=Mx+b The money multiplier The money multiplier is described in Section 4-4. Suppose the following assumptions hold: a. The public holds no currency. b. The ratio of reserves to deposits is 0.1. c. The demand for money is given by M = $Y(.8 - 4i) Initially, the monetary base is $100 billion and nomi- nal income is $5 trillion. a. What is the demand for central bank money? b. Find the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money. c. What is the overall supply of money? Is it equal to the overall demand for money at the interest rate you found in (b)? d. What is the impact on the interest rate if central bank money is increased to $300 billion? e. If the overall money supply increases to $300 billion what will be the impact on i? (Hint: Use what you learned in (c).) Whats the volume of the rectangular prism of 2cm, 7/3 cm and 2cm? minimalist critical scholars tend to ________ the historicity and accuracy of the biblical record. Pleaseeeee helpppppp "Should the PPF shifts outward and the terms of trade are not affected, then a country becomes unambiguously better off as a higher community indifference curve can be reached." Explain why this statement is untrue and graphically illustrate it. The area of the trapezium is four times the area of the parallelogram. Work out the value of x consider a hydrogen atom in the ground state. what is the energy of its electron? = j now consider an excitedstate hydrogen atom. what is the energy of the electron in the =5 level? As part of its stock-based compensation package, International Electronics (IE) granted 46 million stock appreciation rights (SARs) to top officers on January 1, 2024.At exercise, holders of the SARs are entitled to receive stock equal in value to the excess of the market price at exercise over the share price at the date of grant.The SARs cannot be exercised until the end of 2027 (vesting date) and expire at the end of 2029.The $1 par common shares have a market price of $46 per share on the grant date.The fair value of the SARs, estimated by an appropriate option pricing model, is $3 per SAR at January 1, 2024.The fair value re-estimated at December 31, 2024, 2025, 2026, 2027, and 2028, is $4, $3, $4, $2.50, and $3, respectively.All recipients are expected to remain employed through the vesting date.Required:1a.Will the SARs be reported as debt or as equity?1b. Record any necessary journal entry on December 31, 2024 when the fair value of the SARs is estimated at $4 per SAR.2. Record any necessary journal entry on December 31, 2025 when the fair value of the SARs is estimated at $3 per SAR.3. Record any necessary journal entry on December 31, 2026 when the fair value of the SARs is estimated at $4 per SAR.4. Record any necessary journal entry on December 31, 2027 when the fair value of the SARs is estimated at $2.50 per SAR.5. Record any necessary entry on December 31, 2028 when all of the SARs remain unexercised.6. Record any necessary entry on June 6, 2029 when the SARs are exercised and the share price is $50.