SOLUTION: A bank loaned out ​$17,000​, part of it at the rate of 6% per year and the rest at 14% per year. If the interest received in one year totaled ​$1500​, how m
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Question 1072926: A bank loaned out $17,000, part of it at the rate of 6% per year and the rest at 14% per year. If the interest received in one year totaled $1500, how much was loaned at 6%? Answer by Fombitz(32388) (Show Source):
You can put this solution on YOUR website! 1.
2.
Multiply eq. 1 by 6 and subtract from eq. 2,
Solve for B then use either equation to solve for A.
