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28 June, 08:15

After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the private bank loans is 2%. The total interest she owed for one year was $2,878.50. What is the amount of each loan?

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  1. 28 June, 08:32
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    The federal loan is $62,500 and the bank loan is $3,300
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