English

31 October, 18:58

Jack took out a $10,000 loan for a car. He is borrowing money from two banks. Bank A charges an interest rate of

5%, and Bank B charges an interest rate of 6%. After one year, Jack owes $530 in interest. How much money did he

borrow from Bank A?

O $5000

O $6000

O $7000

O $8000

+2

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