document.write( "Question 465994: To buy both a new car and a new house, Tina sought two loans totalling $260,394. The simple interest rate on the first loan was 3.7%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest payment of $22,611.73. What were the amounts of the two loans? \n" ); document.write( "

Algebra.Com's Answer #319355 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "two loans totalling $260,394.
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document.write( "Let x and (260,394-x) represent the amount of the house and car loan respectively
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document.write( "Question states***
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document.write( " .088x + .037(260,394-x) = 22611.73
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document.write( "Will let You finish it up.. \n" );
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