document.write( "Question 1050173: A bank loaned out $14,000, part of it at the rate of 9% per year and the rest at 17% per year. If the interest received in one year is $2000, how much was loaned at 9%? \n" ); document.write( "
Algebra.Com's Answer #665752 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A bank loaned out $14,000, part of it at the rate of 9% per year and the rest at 17% per year. If the interest received in one year is $2000, how much was loaned at 9%? \n" ); document.write( "----- \n" ); document.write( "Equations: \n" ); document.write( "n + s = 14000 \n" ); document.write( "9n + 17s = 200000 \n" ); document.write( "------------------------- \n" ); document.write( "Modify for elimination: \n" ); document.write( "17n + 17s = 17*14000 \n" ); document.write( "9n + 17s = 200000 \n" ); document.write( "----------------------- \n" ); document.write( "Subtract and solve for \"n\":: \n" ); document.write( "8n = 38000 \n" ); document.write( "n = $4750 (amt invested at 9%) \n" ); document.write( "------------ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "------------------- \n" ); document.write( " |