Solution-Find the amount of the loan

Find the amount of the loan

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Reference no: EM131070205

A student takes out two loans totaling $13,000to help pay for college expenses. One loan is at5% simple interest, and the other is at10% simple interest. The first-year interest is $850. Find the amount of the loan at 10%.

Reference no: EM131070205

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Find the amount of the loan : A student takes out two loans totaling $13,000to help pay for college expenses. One loan is at5% simple interest, and the other is at10% simple interest. The first-year interest is $850. Find the amount of the loan at 10%

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Find the amount of the loan

Reference no: EM131070205

Reference no: EM131070205

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