SOLUTION: I need a little help solving this, can you assist? Michael's student loan totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, Brandt had accumulate

SOLUTION: I need a little help solving this, can you assist? Michael's student loan totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, Brandt had accumulate

Algebra.Com

Question 456925: I need a little help solving this, can you assist?
Michael's student loan totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, Brandt had accumulated $97.50 in interest. What was the amount of each loan?

Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
x+y=2500
.03*x+.025*y=97.50
Something is wrong with the problem
Check your numbers.

RELATED QUESTIONS
I need a little help solving this, can you assist? Michael's student loan totaled... (answered by richwmiller)

I just can't seem to catch on to word problems - can you help? I need to have a problem... (answered by richwmiller)

Student loans totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one (answered by stanbon)

David's student loans totaled $2500. Part was made at 3% interest and the rest at 2.5%.... (answered by vksarvepalli)

Jims student loans totaled $10,000.Part was a plus loan made at 3% interestand the rest... (answered by math_helper)

Can someone help me on this problem? I need to identify the rate, base, and amount... (answered by stanbon)

I need math help :/�Stacey's student loan totaled $12000. One of her loans was at 6.5%... (answered by mananth)

A student purchased a car and received an interest free loan of $12,000 from his parents. (answered by ReadingBoosters,MathTherapy)

ok i need a little help, I just need the equation if possible, that is where I am having... (answered by stanbon)