A Student Took Out Two Loans Totaling $\$ 15,000$ To Help Pay for College Expenses

Multiple Choice

A student took out two loans totaling $\$ 15,000$ to help pay for college expenses. One loan was at $10 \%$ simple interest, and the other was at $5 \%$ . After one year, the student owed $\$ 1250$ in interest. Find the amount of the loan at $5 \%$ .

A) $\$ 5000$
B) $\$ 1000$
C) $\$ 250$
D) $\$ 10,000$