A bank loaned out $20,000, part of it at the rate of 6 % per year and the rest at 16 % per year. If the interest received in o
ne year totaled $1500, how much was loaned at 6 %?
1 answer:
Answer:
$1,020
Step-by-step explanation:
0.06x + 0.16(20,000 - x) = 1500
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