document.write( "Question 1094799: A bank loaned out $18000, 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 $2000, how much was loaned at 6% ? \n" ); document.write( "

Algebra.Com's Answer #709412 by MathTherapy(10552) $\"\"$ $\"About$

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A bank loaned out $18000, 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 $2000, how much was loaned at 6% ?
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Let the 6% loan amount be S
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document.write( "Then the 14% loan amount = 18,000 - S
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document.write( "We then get: .06S + .14(18,000 - S) = 2,000
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document.write( ".06S + 2,520 - .14S = 2,000
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document.write( ".06S - .14S = 2,000 - 2,520
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document.write( "- .08S = - 520
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document.write( "S, or 6% loan amount = 
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document.write( "That's all!! Nothing COMPLEX and/or CONFUSING! \n" );
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