1 Answered Questions for the topic intreset rate

04/08/19

A bank loaned out $25,500, part of it at the rate of 6% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,875.00. How much was loaned at each rate?
A bank loaned out $25,500, part of it at the rate of 6% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,875.00. How much was loaned at each rate?
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