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Translate to a system of equations and solve:
Laura owes $18,000 on her student loans. The interest rate on the bank loan is 2.5% and the interest rate on the federal loan is 6.9 %. The total amount of interest she paid last year was $1,066. What was the principal for each loan?
The principal amount for the bank loan was $4,000. The principal amount for the federal loan was $14,000.
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Translate to a system of equations and solve:
Jill’s Sandwich Shoppe owes $65,200 on two business loans, one at 4.5% interest and the other at 7.2% interest. The total amount of interest owed last year was $3,582. What was the principal for each loan?
The principal amount for was $41,200 at 4.5%. The principal amount was, $24,000 at 7.2%.
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Key concepts
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Table for coin and mixture applications
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Table for concentration applications
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Table for interest applications
Practice makes perfect
Solve Mixture Applications
In the following exercises, translate to a system of equations and solve.
Tickets to a Broadway show cost $35 for adults and $15 for children. The total receipts for 1650 tickets at one performance were $47,150. How many adult and how many child tickets were sold?
There 1120 adult tickets and 530 child tickets sold.
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Tickets for a show are $70 for adults and $50 for children. One evening performance had a total of 300 tickets sold and the receipts totaled $17,200. How many adult and how many child tickets were sold?
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Tickets for a train cost $10 for children and $22 for adults. Josie paid $1,200 for a total of 72 tickets. How many children’s tickets and how many adult tickets did Josie buy?
Josie bought 40 adult tickets and 32 children tickets.
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Tickets for a baseball game are $69 for Main Level seats and $39 for Terrace Level seats. A group of sixteen friends went to the game and spent a total of $804 for the tickets. How many of Main Level and how many Terrace Level tickets did they buy?
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Tickets for a dance recital cost $15 for adults and $7 for children. The dance company sold 253 tickets and the total receipts were $2,771. How many adult tickets and how many child tickets were sold?
There were 125 adult tickets and 128 children tickets sold.
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Tickets for the community fair cost $12 for adults and $5 dollars for children. On the first day of the fair, 312 tickets were sold for a total of $2,204. How many adult tickets and how many child tickets were sold?
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Brandon has a cup of quarters and dimes with a total value of $3.80. The number of quarters is four less than twice the number of quarters. How many quarters and how many dimes does Brandon have?
Brandon has 12 quarters and 8 dimes.
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Sherri saves nickels and dimes in a coin purse for her daughter. The total value of the coins in the purse is $0.95. The number of nickels is two less than five times the number of dimes. How many nickels and how many dimes are in the coin purse?
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Questions & Answers
differentiate between demand and supply
giving examples
differentiated between demand and supply using examples
Lambiv
how is the graph works?I don't fully understand
hi guys good evening to all
Lambiv
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
Can I ask you other question?
Shukri
What is different between quantity demand and demand?
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
how do you save a country economic situation when it's falling apart
what is the difference between economic growth and development
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
any question about economics?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:
OpenStax, Elementary algebra. OpenStax CNX. Jan 18, 2017 Download for free at http://cnx.org/content/col12116/1.2
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