Question

A bank loaned out $19,000, part of it at the rate of 7% per year and the rest at 15% per year. If the interest received i. 1 year totaled $2000, how much was loaned at 7%

Answer 1

$28571.43 was loaned.

this is because

2000 x 100 / 7

=28571.43

Answer 2

$28571.43 was loaned out.

Explanation:

2000 x 100 / 7=28571.43