SOLUTION: David's student loans totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, David had accumulated $97.50 in interest. What was the amount of each loan?

SOLUTION: David's student loans totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, David had accumulated $97.50 in interest. What was the amount of each loan?

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Question 251249: David's student loans totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, David had accumulated $97.50 in interest. What was the amount of each loan?

Answer by vksarvepalli(154) (Show Source): You can put this solution on YOUR website!
just check the question once i have a doubt with the 97.5 value
because even if the entire amount of 2500$ is made at 3% interest the interest amount at the end of year will be only 75$
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