SOLUTION: To buy both a new car and a new house, Tina sought two loans totaling $142,511. the simple interest rate on the first loan was 1.2%, while the simple interest rate on the second lo
Algebra ->
Equations
-> SOLUTION: To buy both a new car and a new house, Tina sought two loans totaling $142,511. the simple interest rate on the first loan was 1.2%, while the simple interest rate on the second lo
Log On
Question 615959: To buy both a new car and a new house, Tina sought two loans totaling $142,511. the simple interest rate on the first loan was 1.2%, while the simple interest rate on the second loan was 4.6%. At the end of the first year, Tina paid a combined interest payment of $5457.03. What were the amounts of the two loans? Answer by richwmiller(17219) (Show Source):
