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17. Cassandra borrowed a total of $63,000 from two different banks to start a business. Bank A charged the equivalent of 2.9% simple interest and
17. Cassandra borrowed a total of $63,000 from two different banks to start a business. Bank A charged the equivalent of 2.9% simple interest and Bank B charged the equivalent of 2.8% simple interest. The total interest on the loans after one year was $1,782. Determine the amount Cassandra borrowed from each bank.
a. Bank A (2.9% simple interest) ____________
b. Bank B (2.8% simple interest) ____________
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