Uhmute 17. Laura borrowed a total of $22,000 from two different banks to start a business. Bank A charged the equivalent of 4% simple interest and Bank B charged the equivalent of 5.5% simple interest. The total interest on the loans after one year was $910. Determine the amount Laura borrowed from each bank. a. Bank A b. Bank B

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.117TI: Caleb has a pet sitting business. He charges $32 per hour. His monthly expenses are $2,272. How many...
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Unmute
17. Laura borrowed a total of $22,000 from two different banks to start a business. Bank A charged the
equivalent of 4% simple interest and Bank B charged the equivalent of 5.5% simple interest. The total
interest on the loans after one year was $910. Determine the amount Laura borrowed from each bank.
a. Bank A
b. Bank B
Transcribed Image Text:Unmute 17. Laura borrowed a total of $22,000 from two different banks to start a business. Bank A charged the equivalent of 4% simple interest and Bank B charged the equivalent of 5.5% simple interest. The total interest on the loans after one year was $910. Determine the amount Laura borrowed from each bank. a. Bank A b. Bank B
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