Homework Help: Algebra

Posted by Julissa on Saturday, November 22, 2008 at 12:06am.

Micheal loaned two of his roommates a total of $4,000. He charged his first roommate 3% interest and his second roommate 4% interest. After six months he collected a total of $332 in interest. How much did he loan each friend?

Algebra - drwls, Saturday, November 22, 2008 at 2:55am
Something is wrong with your numbers. Even if he loaned all the $4000 at the higher annual rate of 4%, he would only collect $80 in interest in 6 months
Algebra - Julissa, Saturday, November 22, 2008 at 3:00pm
This question was posted by a classmate and we had to answer it. I would let my classmate know that something is wrong or missing. Thanks for your help drwls

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