RISHI S.

asked • 07/20/19

Erik Borrows a total of $6000 in two separate loans for one-year period. ..................

Erik Borrows a total of $6000 in two separate loans for one-year period. At the end of one year, he pays back the entire amount of each loan plus simple annual interest at the rate of 4 percent for the first loan and 6 percent for the second loan. If the interest paid on each loan is same amount, how much total interest did Erik pay on these two loans

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