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Mathematics, 03.12.2021 23:40 123niikee
How would I go about doing this? Any help is appreciated. A student takes out two loans to help pay for college expenses. The total amount of money borrowed is $12600. Both loans have interest that accrues annually. The first loan has an interest rate of 3.5%, and the second loan has an interest rate of 4.5%. After the first year, the interest from both loans total $500.5. Find the initial amount borrowed at 3.5%. Round to the nearest dollar.
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How would I go about doing this? Any help is appreciated.
A student takes out two loans to help pa...
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