Ralph Chase plans to sell a piece of property for $140000. He wants the money to be paid off in two ways - a short-term note at 9% interest and a long-term note at 7% interest. Find the amount of each note if the total
annual interest paid is $11300
P
t
Note Interest Time
Inter
Amount Rate (%) (in years)
Pai
X
9
x009
140000 - X 7
1 140000 -
The amount of the 9% note is $
and the amount of the 7% note is
-es
Enter your answer in nedeld