After four years in college, Josie owes $9500 in student loans. The interest rate on the federal loans is 11% and the rate on the private bank loans is 7%. The total interest she owed for one year was $901.00. What is the amount of each loan?
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Home » Mathematics » After four years in college, Josie owes $9500 in student loans. The interest rate on the federal loans is 11% and the rate on the private bank loans is 7%. The total interest she owed for one year was $901.00. What is the amount of each loan?