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April 17, 2014

Homework Help: Math

Posted by Chrissy on Wednesday, January 11, 2012 at 9:13pm.

To buy both a new car and a new house, Tina sought two loans totalling $319.531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest payment of $8334.15. What were the amounts of the two loans?

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