A bank loaned out $10,500, part of it at the rate of 8% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $565.00. How much was loaned at each rate? $ was loaned at 8% and $ was loaned at 3%.
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$565.00 = $10,500 + $565.00 $10,500 = $10,500 + $895.00 $10,495.00 = $10,500 + $3100.00 Show more…
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