A bank loaned out 37 000 part of it at the rate of 11 annual...

50.1K

Verified Solution

Question

Algebra

image

A bank loaned out 37 000 part of it at the rate of 11 annual interest and the rest at 14 annua interest The total interest earned for both loans was 4 640 00 How much was loaned at each ra S was loaned at 11 and was loaned at 14

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students