Question 1105499: 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):
You can put this solution on YOUR website! 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 $1,280.00. How much was loaned at each rate?
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$ was loaned at 2% and
$ was loaned at 9%.
Do not enter this -
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