SOLUTION: A customer purchased a car and financed &16,000. The customer borrowed part of the money from a bank charging 10% annual interest and the rest from a credit union at 8% annual inte
Algebra ->
Customizable Word Problem Solvers
-> Geometry
-> SOLUTION: A customer purchased a car and financed &16,000. The customer borrowed part of the money from a bank charging 10% annual interest and the rest from a credit union at 8% annual inte
Log On
Question 236005: A customer purchased a car and financed &16,000. The customer borrowed part of the money from a bank charging 10% annual interest and the rest from a credit union at 8% annual interest. If the total interest for the year was $1390, how much was borrowed from the bank and how much was borrowed from the credit union? Answer by rfer(16322) (Show Source):
(