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Juan borrows a total of $85,000 to pay for medical school. He borrows part of the money from the school whereby he will pay 3.8%

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Juan borrows a total of $85,000 to pay for medical school. He borrows part of the money from the school whereby he will pay 3.8% simple interest. He borrows the rest of the money through a government grant that will charge him 5.3% interest. In both cases, he is not required to pay off the principal or interest during his 2 years of medical school. However, at the end of 2 years, he will owe a total of $7480 for the interest from both loans. How much did he borrow from each source? Part 1 of 2 Juan borrowed S at 3.8% Part 2 of 2 Juan borrowed S at 5.3%

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