SOLUTION: The Grand Bank loaned one borrower $25000 and another borrower $50000 at an interest rate that was twice that of the first. If the combined annual interest received by the bank was
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Question 387142: The Grand Bank loaned one borrower $25000 and another borrower $50000 at an interest rate that was twice that of the first. If the combined annual interest received by the bank was $7500, what was the interest rate for each loan?
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