Prince neva ben rich takes out two loans. he borrows $800 more from a credit union that charges 12% interest than from a bank that charges 15% interest. if his interest payments total $420 annually, how much does he borrow at each rate?

Step-by-step explanation:

Given that Prince Neva Ben Rich takes out two loans. He borrows $800 more from a credit union that charges 12% interest (say x) than from a bank that charges 15% interest (say y)

Given that total interest = 420

i.e.

We have two independent equations in two variables.

Substitute x value in the I equation to get

He borrowed 2000 from credit union and 1200 from other bank.

x+y = 29, 5x + 2y = 100

step-by-step explanation:

i'm guessing it was a multiple first option was the correct answer

y=mx+b is the final answer!   : )