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26 November, 05:48

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?

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Answers (2)
  1. 26 November, 05:52
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    The second loan is 8.2%
  2. 26 November, 06:16
    0
    The second loan is 8.2%
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