Answered: A business has two loans totaling…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.3: Solve Mixture Applications With Systems Of Equations

Problem 4.58TI: Translate to a system of equations and solve: Jill’s Sandwich Shoppe owes $65,200 on two business...

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Translate to a system of equations and solve.

A business has two loans totaling $85,000. One loan has a rate of 6% and the other has a rate of 4.5%. This year the business expects to pay $5,025 in interest on the two loans. How much is each loan?

loan with 6% interest$

loan with 4.5% interest$

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Given ,

A business has two loans totaling $85,000. One loan has a rate of 6% and the other has a rate of 4.5%.

This year the business expects to pay $5,025 in interest on the two loans.

We have to find gow much is each loan

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