SOLUTION: I need a little help solving this, can you assist? Michael's student loan totaled $2500. Part was made at 3% interest and the rest at 2.5%. After one year, Brandt had accumulate

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Question 456925: I need a little help solving this, can you assist?
Michael's student loan 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?

Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
x+y=2500
.03*x+.025*y=97.50
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Check your numbers.