SOLUTION: A bank loaned out $17,000, 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 m

SOLUTION: A bank loaned out $17,000, 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 m

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Question 1072926: A bank loaned out $17,000, 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%?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
1.
2.
Multiply eq. 1 by 6 and subtract from eq. 2,

Solve for B then use either equation to solve for A.

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