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Beth took out a $20,000 loan for college. She is borrowing money from two banks. Bank A charges an interest rate of 8.5%, and Bank B charges an interest rate of 10.5%. After one year, Beth owes $1,860 in interest. How much money did she borrow from Bank A? $10,000 $12,000 $14,000 $16,000

Please help, I need it a lot! I will mark you brainliest!

Respuesta :

$12,000 was borrowed from bank A
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Answer:

12,000 usd.

Step-by-step explanation:

She borrowed 8,000 from bank b at 10.5%; 744 dollars due to compounding interest. bank at 8.5% equaling 1116. (add them.)

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