A realtor borrowed $90,000 to develop some property. He was able to borrow part of the money

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A realtor borrowed $90,000 to develop some property. He was able to borrow part of the money at 5.5% interest and the rest at 6%. The annual interest on the two loans amounts to $5125. How much was borrowed at each rate?

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Feb 09, 2019 12:49 PM

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A realtor borrowed $90,000 to develop some property. He was able to borrow part of the money

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Let x amount borrowed at 55 Then 90000 x amount borrowed at 6 The amoun...View the full answer

College Algebra

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