A bank loaned out $24,500, part of it at the rate of 14% annual interest,...
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Algebra
A bank loaned out $24,500, part of it at the rate of 14% annual interest, and the rest at 15% annual interest. The total interest earned for both loans was $3,545.00. How much was loaned at each rate?$ was loaned at 14% and$ was loaned at 15%.
A bank loaned out $24,500, part of it at the rate of 14% annual interest, and the rest at 15% annual interest. The total interest earned for both loans was $3,545.00. How much was loaned at each rate?$ was loaned at 14% and$ was loaned at 15%.
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