A student takes out loans totaling 12000 to pay for college expenses. One loan is 10% simple interest, and the other loan is at 9 % simple interest. The first year interest is 1180. Find the amount of the loan at 9 %

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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A student takes out loans totaling 12000 to pay for college expenses. One loan is 10% simple interest, and the other loan is at 9 % simple interest. The first year interest is 1180. Find the amount of the loan at 9 %
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