Question: For college expenses, a student took out a loan at 4.00%, and a semester later took out a second loan at 3.00%. The total annual

For college expenses, a student took out a loan at 4.00%, and a semester later took out a second loan at 3.00%. The total annual interest for the two loans was $245. If the second loan had been for twice as much, the annual interest would have been $290. How much was each loan?

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