Mathematics, 15.02.2021 07:50 tsumugiisama

Michelle borrowed a total of $3000 in student loans from two lenders. One charges 4.8% simple interest and the other charges 6.8% simple interest. She is not required to pay off the principal or interest for four years. However at the end of four years she will owe a total of $616 for the interest from both loans. How much did she borrow from each lender?

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Michelle borrowed a total of $3000 in student loans from two lenders. One charges 4.8% simple intere...

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