Question

Try a similar question You can retry this question below After four years in college, Josie owes $24000 in student loans. The interest rate on the federal loans is 2.4% and the rate on the private bank loans is 3%. The total interest she owes for one year was $624.00. What is the amount of each loan?​

Answer 1

$8000 in federal loans and $16000 in private bank loans.

Explanation:

x + 16000 = 24000

x = 8000

y = 16000