solving word problems

to buy both a new house and a new car, Tina sought two loans totaling $318,338.00

The simple intrest rate on the first loan was 2.4%, while the simple intrest rate on the second loan was 4.7%. At the end of the first year Tina paid a compound intrest payment of $14,761.81. What were the amounts of the two loans?
in Algebra 1 Answers by Level 3 User (2.2k points)

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