Jamal borrowed ​$9,000 to buy a used car. He borrowed some of the money from a bank that charged 6.1​% simple interest and the rest from a friend who charged 99% simple interest. If the total interest for a​ one-year loan was ​$708.50 how much did Jamal borrow at each​ rate?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Jamal borrowed

​$9,000

to buy a used car. He borrowed some of the money from a bank that charged

6.1​%

simple interest and the rest from a friend who charged

99%

simple interest. If the total interest for a​ one-year loan was

​$708.50

how much did Jamal borrow at each​ rate?

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