SOLUTION: A bank loaned out P 23,000, part of it at the rate of 5% annual interest, and the rest at 8% annual interest. The total interest earned for both loans was P 1,750.00. How much was
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-> SOLUTION: A bank loaned out P 23,000, part of it at the rate of 5% annual interest, and the rest at 8% annual interest. The total interest earned for both loans was P 1,750.00. How much was
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Question 1182197: A bank loaned out P 23,000, part of it at the rate of 5% annual interest, and the rest at 8% annual interest. The total interest earned for both loans was P 1,750.00. How much was loaned at each rate?
P was loaned at 5% and
P was loaned at 8%. Answer by ikleyn(52775) (Show Source):
