document.write( "Question 414427: Sally's two student loans totaled $11,500. One of her loans was for 5% simple interest and the other at 7.5%. After one year Sally owed $712.50 in interest. What was the amount of each loan? \n" ); document.write( "

Algebra.Com's Answer #290660 by josmiceli(19441) $\"\"$ $\"About$

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Let the amount of the 5% loan = $\"x\"$
\n" ); document.write( "The amount of the 7.5% loan is $\"11500+-+x\"$
\n" ); document.write( "-----------
\n" ); document.write( " $\".05x+%2B+.075%2A%2811500+-+x%29+=+712.5\"$
\n" ); document.write( " $\".05x+%2B+862.5+-+.075x+=+712.5\"$
\n" ); document.write( " $\".025x+=+862.5+-+712.5\"$
\n" ); document.write( " $\".025x+=+150\"$
\n" ); document.write( " $\"x+=+6000\"$
\n" ); document.write( " $\"11500+-+x+=+5500\"$
\n" ); document.write( "The amount of the 5% loan is $6,000
\n" ); document.write( "The amount of the 7.5% loan is $5,500 \n" ); document.write( "

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