A bank loaned out $15,500, part of it at the rate of 9% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $1,125.00. How much was loaned at each rate? was loaned at 9% and was loaned at 3%.
A bank loaned out $15,500, part of it at the rate of 9% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $1,125.00. How much was loaned at each rate? was loaned at 9% and was loaned at 3%.
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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