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VikaD [51]
3 years ago
11

A bank loaned out ​$19000​, part of it at the rate of 6 % per year and the rest at 14 % per year. If the interest received in on

e year totaled ​$1500​, how much was loaned at 6 %
Mathematics
1 answer:
Norma-Jean [14]3 years ago
4 0

Answer:

$14500

Step-by-step explanation:

$x loaned at 6%

interest: x * 0.06

Rest loaned at 0.14%

interest: (19000 - x) * 0.14

0.06x + (19000 - x) * 0.14 = 1500

0.06x - 0.14x + 2660 = 1500

1160 = 0.08x

x = 1160/0.08 = 14500

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