Question

A bank lent $200500 for the development of two products . If the loan for product X was for $50500 more than that for product Y, how much was lent for product y?

Answer 1

$75000

Explanation:

GIVEN: A bank lent
`\$200500` for the development of two products . If the loan for product X was for
`\$50500` more than that for product Y.

TO FIND: how much was lent for product y.

SOLUTION

Let the amount lent for product X be
`a` and Y be
`b`

According to the question

Total amount lent
`=\$200500`

`\therefore`
`a+b=200500`

also, the loan for product X was
`\$50500` more than Y

`\therefore`
`a-b=50500`

Solving both equations we get

`a=\$125500`

Similarly,
`b=\$75000`

Hence $75000 was lent for product Y.