Question

Your cousin borrowed $6000, some on a home-equity loan at an interest rate of 9.5% and the rest on a consumer loan at an interest rate of 11%. Her total interest paid was $645. How much did she borrow at each rate?

Answer 1

Answer:

I=PRT 9.5% in decimal form is .095=11 times rate times tax but we don't know what the tax is.