Problema Solution
a student has two loans totaled 45,000. the interst on one loan is 5.1% and the interst of the other loan is 3.8%. after one year, the student has paid $1953.10 in interest. what was the amount of each loans?
Answer provided by our tutors
A: suppose the one loan is x,and the other loan is y.
so x+y=45000 and 5.1%x+3.8%y=1953.1
so x=18700 and y=26300
so the one loan is 18700,and the other loan is 26300.