mr jackson borrowed money from his bank and on his life insurance to start a buiseness . his interest rate on the bank loan was 10% and his rate on the the insurance loan was 12%. if the total amount borrowed was $100,000 and his total yearly interest payment was $10,900 how much did he borrow from the bank?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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mr jackson borrowed money from his bank and on his life insurance to start a buiseness .

his interest rate on the bank loan was 10% and his rate on the the insurance loan was 12%. if the total amount borrowed was $100,000 and his total yearly interest payment was $10,900 how much did he borrow from the bank? 

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