a student takes a loan totaling &10,000 to help pay for college expenses. one loan is at 4% simple interest and the remaining at 8%. The first-year interest is $520.00. Find the amount of loans at 4% and 8%

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.3: Solve Mixture Applications
Problem 3.65TI: Remy has $14,000 to invest in two mutual funds. One fund pays interest at 4% per year and the other...
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a student takes a loan totaling &10,000 to help pay for college expenses. one loan is at 4% simple interest and the remaining at 8%. The first-year interest is $520.00. Find the amount of loans at 4% and 8%

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