Mathematics

9 June, 12:47

A loan company is offering interest free students' loans to college students. Two students apply for loans. Student one borrows $5000 and will repay $250 per month for 20 months. Student two borrows $7500 and will repay $500 for 15 months. Which system of equations can be used to determine the number (x) of months after which both students will have the same loan balance (y) ?

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