Eric borrowed a total of $3000 from two student loans. One loan charged 4% simple interest and the other charged 3.5% simple interest, both payable after graduation. If the interest he owed after 2 years was $215, determine the amount of principal for each
loan.

$ 500 was the principal of the loan at 4%, and $ 2,500 was the principal of the loan at 3.5%.

Step-by-step explanation:

Given that Eric borrowed a total of $ 3000 from two student loans, and one loan charged 4% simple interest and the other charged 3.5% simple interest, both payable after graduation, if the interest he owed after 2 years was $ 215, to determine the amount of principal for each loan, the following calculation must be performed:

4 x 2 = 8

3.5 x 2 = 7

1500 x 0.08 + 1500 x 0.07 = 225

1400 x 0.08 + 1600 x 0.07 = 224

100 x 0.08 + 2900 x 0.07 = 211

500 x 0.08 + 2500 x 0.07 = 215

Therefore, $ 500 was the principal of the loan at 4%, and $ 2,500 was the principal of the loan at 3.5%.

25% is the answer

given : the shape of his satellite can be modeled by   where x and y are modeled in inches.

now,the given equation   is a equation of parabola.

here, coefficient of x is positive, hence the parabola opens rightwards.

on comparing this equation with standard equation , we get

in standard equation, coordinates of focus=(0,m)

thus for given equation coordinates of focus=(0,1.5)

step-by-step explanation: