Mathematics, 13.02.2020 23:26 thomascoop85
Stuart pays back two student loans over a 4-yr period. One loan charges the equivalent of 3% simple interestand the other charges the equivalent of 5.5% simple interest. If the total amount borrowed was $32,000 andthe total amount of interest paid after 4 yr is $4,640, find the amount borrowed from each loan. a. 8,000 at 3% and 24,000 at 5.5%b. 11,000 at 3% and 21,000 at 5.5%c. 21,000 at 3% and 11,000 at 5.5%d. 24,000 at 3% and 8,000 at 5.5%
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Stuart pays back two student loans over a 4-yr period. One loan charges the equivalent of 3% simple...
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