Solving Interest Problems | Alg 2 Help Needed for Marianne's Loan

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SUMMARY

Marianne borrowed a total of $10,000, with $x from a friend at 8%, $2x from a bank at 9%, and the remainder from an insurance source at 5%. The total interest paid after one year amounts to $830. By setting up the equation for interest from each source, the equation becomes 0.08x + 0.18x + 0.05(10000 - 3x) = 830. Solving this equation provides the exact amounts borrowed from each source.

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Homework Statement



Marianne borrowed 10000. She borrows from a friend at 8%, twice that amount from her bank at 9% and the rest from her Insurance at 5%. She pays a total of 830 in interest for the first year. How much did she borrow from EACH SOURCE?!

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The Attempt at a Solution



I tried on paper but got wrong values when i tried to see how much interest was from each source :(
 
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Show us what you tried.

And for the interest rates, what period are they over? And what sorts of things did she borrow 10000 of?
 
Assume that she borrows 'x' amount from a friend, '2x' amount from her bank and rest from her insurance. Calculate interest paid for each amount for one year. Add it and equate it to 830. Solve for 'x'.
 

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