Laura borrowed a total of $22,000 from two different banks to start a business. One bank charged
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Laura borrowed a total of $22,000 from two different banks to start a business. One bank charged the equivalent of 4% simple interest, and the other charged 5.5% interest. If the total interest after 1 year was $910, determine the amount borrowed from each bank.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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