SOLUTION: A bank loaned out $18,500, part of it at the rate of 2% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,280.00. How much was lo
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Question 1105479: A bank loaned out $18,500, part of it at the rate of 2% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,280.00. How much was loaned at each rate?
$ was loaned at 2% and
$ was loaned at 9%. Answer by Alan3354(69443) (Show Source):
