Asked by Gami
Cole’s two student loans totaled $31,000. One of his loans was at 2.8% simple interest and the other at 4.5%. After one year, Cole owed
$1024.40 in interest. What was the amount of each loan?
$1024.40 in interest. What was the amount of each loan?
Answers
Answered by
bobpursley
X*.028+Y*.045=1024.40
X+Y= 31000
X+Y= 31000
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