A bank loaned out $19,500, part of it at the rate of 2% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $555.00. How much was loaned at each rate?

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asked Dec 22, 2023 3.4k views

17 votes

A bank loaned out $19,500, part of it at the rate of 2% annual interest, and the rest at 3% annual interest.

The total interest earned for both loans was $555.00. How much was loaned at each rate?

Mathematics
high-school

INoob asked

by INoob

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1 Answer

9 votes

Answer:

-3(2x+5) = 5(-3)

-6x - 15 = -15

-6x = -15 + 15

x = 0/-6

x = 0

Explanation:

Geoff Griswald answered Dec 29, 2023

by Geoff Griswald

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