SOLUTION: a student has two loans totaled 45,000. the interset on one loan is 5.1% and the interest of the other loan is 3.8%. after one year, the student has paid $1953.10 in interest. what

Algebra.Com
Question 462485: a student has two loans totaled 45,000. the interset on one loan is 5.1% and the interest of the other loan is 3.8%. after one year, the student has paid $1953.10 in interest. what was the amount of each loan?
Answer by rwm(914)   (Show Source): You can put this solution on YOUR website!
x+y=45000
.051*x+.038*y=1953.10

RELATED QUESTIONS

A student has two loans totaled $45,000. The interest of one loan is 5.1% and the... (answered by mananth)
A student takes out two loans, one at 5% interest and the other at 6% interest. The 5%... (answered by Maths68)
Sally's two student loans totaled $11,500. One of her loans was for 5% simple interest... (answered by josmiceli)
A student takes out two loans, one at 5% interest and the other at 6% interest. The 5%... (answered by robertb)
Mary two student loans total $9000. One loan is at 5% simple interest and the other is at (answered by mananth)
Sarah’s two student loans totaled $12,000. One of her loans was at 6% simple interest and (answered by nyc_function)
cole's two student loans totaled $31,000. One of his loans was 2.8% simple interest and... (answered by josgarithmetic,MathTherapy)
Tom has two loans totaling 18000.00 one loan has a interest of 4.25% the other loan is at (answered by mananth)
1.Jason invested $20,000 in two accounts, one paying 7% and the other payijng 9%in annual (answered by solver91311)