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A bank loaned out $11,500, part of it at the rate of 14% annual interest,...

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Accounting

A bank loaned out $11,500, part of it at the rate of 14% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $1,260.00. How much was loaned at each rate? was loaned at 14% and was loaned at 4%.

image A bank loaned out $11,500, part of it at the rate of 14% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $1,260.00. How much was loaned at each rate? was loaned at 14% and was loaned at 4%

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