A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If the interest received in one year totaled $1500, how much was loaned at 6%? How much of the $15,000 did the bank loan out at 6%?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If the interest received in one year totaled
$1500, how much was loaned at 6%?
How much of the $15,000 did the bank loan out at 6%?
Transcribed Image Text:A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If the interest received in one year totaled $1500, how much was loaned at 6%? How much of the $15,000 did the bank loan out at 6%?
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