Question 1097096
<br>Let x be the interest rate on the first loan; then x+.01 is the interest rate on the second.<br>
The interest on the first loan is 1800x; the interest on the second is 2300(x+.01).<br>
Since the total interest is 248.50,
{{{1800(x) + 2300(x+.01) = 248.50}}}<br>
It should be straightforward to solve from there....