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?

Question

asked Nov 26, 2021 4.2k views

1 Answer

Elliot Foster · Answer 1 · 2021-12-02T14:50:33+0000

Answer:

$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
and Y be

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.