document.write( "Question 1197008: A bank loaned out $19,500, part of it at the rate of 3% annual interest, and the rest at 8% annual interest. The total interest earned for both loans was $910.00. How much was loaned at each rate?
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Algebra.Com's Answer #830059 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi  \r\n" );
document.write( "A bank loaned out $19,500, part of it at the rate of 3% annual interest,\r\n" );
document.write( " and the rest 'x' at 8% annual interest. \r\n" );
document.write( "The total interest earned for both loans was $910.00. \r\n" );
document.write( "How much was loaned at each rate?\r\n" );
document.write( "NOte:  Assigned x to the largest interest rate for ease of set up.\r\n" );
document.write( " .08x + .03(19500 - x) = 910\r\n" );
document.write( "           .05x = \r\n" );
document.write( "              x = (910-585)/.05 = $6500 at 8%, $13,000 at .03%\r\n" );
document.write( ".08*$6500 + .03*$13000 = $910  checks\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
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