an individual has two low interest loans, one at 4% interest and the other at 6% interest. The amount borrowed at 6% is $250 more than the amount borrowed at 4% If the total interest for one year is $165, how much money is borrowed at each rate

Question

an individual has two low interest loans, one at 4% interest and the other at 6% interest.  The amount borrowed at 6% is $250 more than the amount borrowed at 4% If the total interest for one year is $165, how much money is borrowed at each rate

Reiny · Answer

solve ... .04x + .06(x+250) = 165

Anonymous · Answer

15.04