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

## Answer This Question

## Related Questions

- Statistics/Probability - 3. On a given evening, two roommates, roommate A and ...
- Statistics/Probability - 1. Two roommates, roommate A and roommate B, are about ...
- algebra - an investment of $50,000 was made by a busines club. the investment ...
- Statistics/Probability - 2. Two roommates, roommate X and roommate Y, are ...
- Algebra( check my answers) - 1. Juan deposited $200 in a savings account earning...
- Algebra - an investment of 72,000 was made by a business club. the investment ...
- bookkeeping - what is the july interest ?total purchase is $15,632.16 with a %10...
- ALGEBRA - An investment of $93,000 was made by a business club. the investment ...
- COLLEGE ALGEBRA - An investment of $63,000 was made by a business club. The ...
- COLLEGE ALGEBRA - An investment of $63,000 was made by a business club. The ...

More Related Questions