Ask Question
31 May, 05:20

You have two loans, for 2 years each. The total interest for the two loans is $138. On the first loan, you pay 7.5% simple interest on a principal of $800. On the second loan, you pay 3% simple interest. What is the principle for the second loan?

+2
Answers (2)
  1. 31 May, 06:26
    0
    The second loan is 8.2%
  2. 31 May, 08:37
    0
    The second loan is 8.2%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You have two loans, for 2 years each. The total interest for the two loans is $138. On the first loan, you pay 7.5% simple interest on a ...” 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