Loan Mixture: A student takes out a total of $5000 in three loans: one subsidized, one unsubsidized, and one from the parents of the student. The subsidized loan is $200 more than the combined total of the unsubsidized and parent loans. The unsubsidized loan is twice the amount of the parent loan. Find the amount of each loan.
Step 1:
x = subsidized
y = unsubsidized
z = parent
Step 2:
x + y+ z = 5000
Step 3:
Solution:
Subsidized loan =
Unsubsidized loan =
Parent loan =
1 answer