Mathematics, 04.12.2020 03:10 sjsmith21
Juan borrows a total of $95,500 to pay for medical school. He borrows part of the money from the school whereby he will pay 4.6% simple interest. He borrows
the rest of the money through a government grant that will charge him 6.2% interest. In both cases, he is not required to pay off the principal or interest during
his 2 years of medical school. However, at the end of 2 years, he will owe a total of $9858 for the interest from both loans. How much did he borrow from each
source?
Answers: 1
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Juan borrows a total of $95,500 to pay for medical school. He borrows part of the money from the sch...
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