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OpenStudy (anonymous):
a bank loaned out 10K, part of it at the rate of %6 per year and the rest at 16% per year. if the interest received in one year totaled $1000, how much was loaned at 6% ??
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OpenStudy (jazzyfa30):
so lets set up a proportion
OpenStudy (anonymous):
ok
OpenStudy (jazzyfa30):
scratch that........What's 6% of 100
OpenStudy (anonymous):
6
OpenStudy (jazzyfa30):
add a zero to that
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OpenStudy (anonymous):
60
OpenStudy (jazzyfa30):
ok so if 6% of 100 is 60 what is 6%of 1000?
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