6. Ricardo has two auto loans

totaling $25,000. One has annual

interest of 8% and the other,

18%. If the total interest the first

year is $2300, how much did he

borrow at each rate?

**(1) Write down what EACH variable represents. You will find these easiest to work if you use two

variables. You may use words, tables, or pictures.

**2) Write the equations. I suggest you write it as an English sentence first.

**3) Solve the equation. Show the steps clearly and neatly.

**4) Write the answer in a complete sentence, including units.