OpenStax, Elementary Algebra 2e §5.5 Solve Mixture Applications with Systems of Equations · Exercise 29 · Algebra · Systems
Solve Mixture Applications with Systems of Equations · Exercise 29
Translate to a system of equations and solve.
After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the private bank loans is 2%. The total interest she owed for one year was $2,878.50. What is the amount of each loan?
OpenStax, Elementary Algebra 2e · §5.5 Solve Mixture Applications with Systems of Equations · Exercise 29
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