document.write( "Question 269845: A bank loaned out $29,000, part of it at the rate of 4% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,760.00. How much was loaned at each rate? \n" ); document.write( "
Algebra.Com's Answer #197721 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! .09x+.04(29,000-x)=1,760 \n" ); document.write( ".09x+1,160-.04x=1,760 \n" ); document.write( ".05x=1,760-1,160 \n" ); document.write( ".05x=600 \n" ); document.write( "x=600/.05 \n" ); document.write( "x=12,000 amount invested @ 9%. \n" ); document.write( "29,000-12,000=17,000 amount invested @ 4%. \n" ); document.write( "Proof: \n" ); document.write( ".09*12,000+.04*17,000=1,760 \n" ); document.write( "1,080+680=1,760 \n" ); document.write( "1,760=1,760 \n" ); document.write( " |