SOLUTION: Chuck receives loans totaling $12,000 from two banks. One bank charges 7.5% annual interest and the second bank charges 6% annual interest. He paid $840 in total interest in one ye
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Chuck receives loans totaling $12,000 from two banks. One bank charges 7.5% annual interest and the second bank charges 6% annual interest. He paid $840 in total interest in one ye
Log On
Question 813730: Chuck receives loans totaling $12,000 from two banks. One bank charges 7.5% annual interest and the second bank charges 6% annual interest. He paid $840 in total interest in one year. How much was loaned at each banks? Answer by richwmiller(17219) (Show Source):
