Solve.4x + 5 = 21
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Textbook Solutions for College Algebra: Graphs and Models
Question
Student Loans. Dimitris two student loans total $9000. One loan is at 5% simple interest and the other is at 6% simple interest. At the end of 1 year, Dimitri owes $492 in interest. What is the amount of each loan?
Solution
The first step in solving 1.5 problem number 64 trying to solve the problem we have to refer to the textbook question: Student Loans. Dimitris two student loans total $9000. One loan is at 5% simple interest and the other is at 6% simple interest. At the end of 1 year, Dimitri owes $492 in interest. What is the amount of each loan?
From the textbook chapter Linear Equations, Functions, Zeros, and Applications you will find a few key concepts needed to solve this.
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