SOLUTION: Student loans 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?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Student loans 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?      Log On