Question:
Yoko borrowed a total of $19,000 from two different banks to
Last updated: 7/16/2022
Yoko borrowed a total of $19,000 from two different banks to start a business. One bank charged the equivalent of 4% simple interest, and the other charged 2.5% interest. If the total interest after 2 years was $1460, determine the amount borrowed from each bank. Yoko borrowed S at 4%. Yoko borrowed S at 2.5%.