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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 l…

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 l…
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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?

asked
User INoob
by
8.6k points

1 Answer

9 votes

Answer:

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

-6x - 15 = -15

-6x = -15 + 15

x = 0/-6

x = 0

Explanation:

answered
User Geoff Griswald
by
8.6k points
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