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OpenStudy (anonymous):
To buy both a new car and a new house, Tina sought two loans totalling $44,980. The simple interest rate on the first loan was 1.8%, while the simple interest rate on the second loan was 1.2%. At the end of the first year, Tina paid a combined interest payment of $679.64. What were the amounts of the two loans?
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OpenStudy (anonymous):
x+y=44980 1.8x+1.2y=679.64 is this correct?
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