document.write( "Question 387142: The Grand Bank loaned one borrower $25000 and another borrower $50000 at an interest rate that was twice that of the first. If the combined annual interest received by the bank was $7500, what was the interest rate for each loan?
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Algebra.Com's Answer #273664 by rfer(16322) ![]() You can put this solution on YOUR website! 25000x+2(50000x)=7500 \n" ); document.write( "25000x+100000x=7500 \n" ); document.write( "125000x=7500 \n" ); document.write( "x=0.06=6% \n" ); document.write( "2x=0.12=12% \n" ); document.write( " |