SOLUTION: A bank loaned $67,000, part of it at a rate of 15% per year and the remaining part at a rate of 8% per year. If the interest received was $7,600, how much was loaned at 15%?

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Question 269261: A bank loaned $67,000, part of it at a rate of 15% per year and the remaining part at a rate of 8% per year. If the interest received was $7,600, how much was loaned at 15%?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
.15x+.08(67,000-x)=7,600
.15x+5,360-.08x=7,600
.07x=7,600-5,360
.07x=2,240
x=2,240/.07
x=32,000 loahed @ 15%
67,000-32,000=35,000 loaned @ 8%
Proof:
.15*32,000+.08*35,000=7,600
4,800+2,800=7,600
7,600=7,600