document.write( "Question 1156294: A bank loaned out $19,500, part of it at the rate of 9% annual interest, and the rest at 12% annual interest. The total interest earned for both loans was $2,085.00. How much was loaned at each rate?
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Algebra.Com's Answer #778989 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! A bank loaned out $19,500, part of it at the rate of 9% annual interest, and the rest at 12% annual interest. The total interest earned for both loans was $2,085.00. How much was loaned at each rate? \n" ); document.write( "==================== \n" ); document.write( "n = amount @ 9% \n" ); document.write( "t = amount @ 12% \n" ); document.write( "----------- \n" ); document.write( "n + t = 19500 \n" ); document.write( "0.09n + 0.12t = 2085 \n" ); document.write( "etc \n" ); document.write( " \n" ); document.write( " |