A bank loaned out $31,000, part of it at the rate of 9% annual interest,...
50.1K
Verified Solution
Link Copied!
Question
Basic Math
A bank loaned out $31,000, part of it at the rate of 9% annual interest, and the rest at 8% annual interest. Thetotal interest earned for both loans was $2,620.00. How much was loaned at each rate?was loaned at 9% andwas loaned at 8%.Question Help: VideoSubmit Question>
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!
