Mathematics
Mathematics, 20.04.2021 14:00, silverns

Michelle borrows a total of $5500 in student loans from two lenders. One charges 4.7% simple interest and the other charges 5.5% simple interest. She is not required to pay off the principal or interest for 4 yr . However, at the end of 4 yr , she will owe a total of $1050 for the interest from both loans. How much did she borrow from each lender?

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Michelle borrows a total of $5500 in student loans from two lenders. One charges 4.7% simple interes...

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