SOLUTION: Sarah’s two student loans totaled $12,000. One of her loans was at 6% simple interest and the other at 9%. After one year, Sarah owed $855 in interest. What was the amount of each

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Sarah’s two student loans totaled $12,000. One of her loans was at 6% simple interest and the other at 9%. After one year, Sarah owed $855 in interest. What was the amount of each       Log On


   

Question 285440: Sarah’s two student loans totaled $12,000. One of her loans was at 6% simple interest and the other at 9%. After one year, Sarah owed $855 in interest. What was the amount of each loan?
Answer by nyc_function(2741) About Me  (Show Source):
You can put this solution on YOUR website!
Here is your equation system:
x + y = 12,000
0.06x + 0.09y = 855
Can you solve the system now?