Question

Helpp

A bank loaned out $25,000, part of it at the rate of 3% annual interest, and the rest at 9% annual interest. The total interest earned for both loans was $1,770.00. How much was loaned at each rate?


$----------- was loaned at 3% and

$-----------was loaned at 9%.

Answer 1

$8,000 was loaned out at 3% and

$17,000 was loaned out at 9%

Explanation: