Mathematics, 02.12.2020 20:20 niele123

Franco borrows a total of $5,000 in student loan from two lenders. One charges 4.1% simple interest and the other charges 6.1% simple interest. He is not required to pay off the principal for 3 yr. However, at the end of 3 yr, he will owe a total of $825.00 for interest from both loans. How much did he borrow from each lender?

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Franco borrows a total of $5,000 in student loan from two lenders. One charges 4.1% simple interest...

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