A student takes out two loans totaling $3900 to help pay for college expenses. One loan is at 3% interest, and the other is at 5.4%. Interest for both loan is compounded annually. a) If the first-year interest is $165, write a system of equations whose solution is the amount of each loan and label your variables.  b) Find the amount of each loan.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.55TI: Translate to a system of equations and solve: Leon had $50,000 to invest and hopes to earn 6.2%...
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A student takes out two loans totaling $3900 to help pay for college
expenses. One loan is at 3% interest, and the other is at 5.4%. Interest for
both loan is compounded annually.


a) If the first-year interest is $165, write a system of equations whose
solution is the amount of each loan and label your variables. 


b) Find the amount of each loan.

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