Mathematics, 02.09.2020 08:01 rayrayy91

Debra borrowed a total of $22,000 from two different banks to start a business. One bank charged the equivalent of 5% simple 1.5% Interest. If the total Interest after 3 years was $2880, determine the amount borrowed from each bank.
Debra borrowed $
at 5%.
Debra borrowed $
at 1.5%.
Continue

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Debra borrowed a total of $22,000 from two different banks to start a business. One bank charged the equivalent of 5% simple 1.5% Interest. If the total Interest after 3 years was $2880, determine the amount borrowed from each bank. Debra borrowed $ at 5%. Debra borrowed $ at 1.5%. Continue

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Another question on Mathematics

Debra borrowed a total of $22,000 from two different banks to start a business. One bank charged the equivalent of 5% simple 1.5% Interest. If the total Interest after 3 years was $2880, determine the amount borrowed from each bank.
Debra borrowed $
at 5%.
Debra borrowed $
at 1.5%.
Continue