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Algebra
Question

Michelle borrows a total of \( \$ 5000 \) in stude...

Michelle borrows a total of \( \$ 5000 \) in student loans from two lenders. One charges \( 3.2 \% \) simple interest and the other charges \( 6.2 \% \) simple interest. She is not required to pay off the principal or interest for \( 2 yr \) . However, at the end of \( 2 yr \) , she will owe a total of \( \$ 410 \) for the interest from both loans. How much did she borrow from each lender? 

Michelle borrowed \( \$ \square \) at \( 3.2 \% \) 

Answer

3648.83

Solution
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