SOLUTION: Bank loaned $13,000 part of it at 6% per year and the rest at 16%
per year. If the interest received in one year totaled $1500, how much was loaned at 6%
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per year. If the interest received in one year totaled $1500, how much was loaned at 6%
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Question 704338: Bank loaned $13,000 part of it at 6% per year and the rest at 16%
per year. If the interest received in one year totaled $1500, how much was loaned at 6% Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount loaned at 6% = amount loaned at 16%
given:
The amount loaned at 6% was $5,800
The amount loaned at 16% was $7,200
check:
OK
