Ask Question
28 August, 19:17

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?

+1
Answers (2)
  1. 28 August, 20:07
    0
    The second loan is 8.2%
  2. 28 August, 22:21
    0
    The second loan is 8.2%
Know the Answer?
Not Sure About the Answer?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers