SOLUTION: Suppose that both loans are at 10% and the total annual interest is $264. If possible, determine the amount of each loan. Interpret the results.

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Question 436707: Suppose that both loans are at 10% and the total annual interest is $264. If possible, determine the amount of each loan. Interpret the results.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
(264/0.1)/2=$1320 each