I just want to know if this is correct?To buy both a new car and a new house, Tina sought two loans totaling $142,511. The simple interest rate on the first loan was 1.2%, while the simple interest rate on the second loan was 4.6%. At the end of the first year, Tina paid
let x = amount of first loan
let y = amount of second loan
x + y = 142511
x = 142511 - y
.012x + .046y = 5457.03
.012(142511 - y) + .046y = 5457.03
1710.132 - .012y + .046y = 5457.03
.034y = 3746.898
y = 110202.88235294117647058823529412
y = $110,202.88 Tina borrowed at 4.6%
x = $32,308.12 Tina bo

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y = $110,202.88 Tina borrowed at 4.6%
x = $32,308.12 Tina borrowed at 1.2%

At the end of the first year, Tina paid (...)? Did you miss the number in your question?

It just states at the end of the first years she paid a combined amount o $5457.03

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