Ask Question
21 August, 10:13

After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the private bank loans is 2%. The total interest she owed for one year was $2,878.50. What is the amount of each loan?

+5
Answers (1)
  1. 21 August, 11:31
    0
    The federal loan is $62,500 and the bank loan is $3,300
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers