SOLUTION: To buy both a new car and a new house, Tina sought two loans totalling $191,610. The simple interest rate on the first loan was 6.3%, while the simple interest rate on the second l

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: To buy both a new car and a new house, Tina sought two loans totalling $191,610. The simple interest rate on the first loan was 6.3%, while the simple interest rate on the second l      Log On


   

Question 354027: To buy both a new car and a new house, Tina sought two loans totalling $191,610. The simple interest rate on the first loan was 6.3%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest payment of $16,681.66. What were the amounts of the two loans?
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