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August 29, 2014

August 29, 2014

Posted by **Kimberly** on Thursday, July 28, 2011 at 11:54pm.

- Intermediate Algebra -
**drwls**, Friday, July 29, 2011 at 2:13amLet the two loan amounts be X and Y.

X + Y = 78,825

0.002X + 0.05Y = 2817.23

Solve those two simultaneous equations.

Multiply both sides of the second equation by 20.

0.04x + Y = 56,344.60

0.96 X = 22,480.40

X = 23,417.08

Y = 55,407.92

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