A student takes out two loans totaling $5000 to help pay for college expenses. One loan is
Question:
A student takes out two loans totaling $5000 to help pay for college expenses. One loan is at 4% interest and the other is at 3% interest. If the total interest is $173 after 1 year, how much did the student borrow at each interest rate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Algebra With Modeling And Visualization
ISBN: 9780134418049
6th Edition
Authors: Gary Rockswold
Question Posted: