Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a bank loaned out $19,500, part of it at the rate

A bank loaned out $19,500, part of it at the rate of 3% annual interest,...

60.1K

Verified Solution

Question

Basic Math

image

A bank loaned out $19,500, part of it at the rate of 3% annual interest, and the rest at 2% annual interest. The total interest earned for both loans was $535.00. How much was loaned at each rate?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Discuss most suitable research strategies to be used

Statistics
Q

List three physiologic mechanisms that protect against UTIs. Explain how the body produces its own mechanism...

Medical Sciences
Q

2-3 sentences at least more is appreciated. 1. What is the difference between a homosexual orientation...

Psychology
Q

Find the steady-state current ip(t) in an LRC-series circuit when L = 1 2 h, R...

Advance Math
Q

Based on what you ve learned about what happens when water freezes which of the...

Biology
Q

Complete the truth table given below for the conditional statement p a A q p...

Basic Math
Q

Online courses: A sample of 261 students who were taking online courses were asked to...

Basic Math
Q

The weights of a group of first-graders at a local elementary school were normally distributed....

Basic Math
Q

Find the volume V of the described solid S a frustum of a pyramid the...

Calculus
Q

Choose and describe a business that would have a significant amount of inventory and share...

Accounting
Q

Waterhouse Company plans to issue bonds with a face value of $500,000 and a coupon...

Accounting
Q

Factory labor data for Dieker Company is given. During January, time tickets show that the...

Accounting