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aleksklad [387]

3 years ago

15

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 interes

t rate of 11%. Her total interest paid was $645. How much did she borrow at each rate?

1 answer:

Novosadov [1.4K]3 years ago

6 0

Answer:

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

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