Question

A bank lent $200,500 for the development of two products. If the loan for priduct X was for $50,500 more than that for product Y, how much was lent for product Y​

Answer 1

$75,000

Explanation:

Let

x ----> amount lent for product X

y ---->amount lent for product Y

we know that

A bank lent $200,500 for the development of two products

so

`x+y=200,500` ----> equation A

The loan for product X was for $50,500 more than that for product Y

so

`x=y+50,500` ----> equation B

substitute equation B in equation A

`y+50,500+y=200,500`

solve for y

`2y=200,500-50,500\\2y=150,000\\y=\$75,000`