A bank loaned out 20.000 part of it at the rate of 7% per year if the interest received in one year total 2000 how much of the 20000 did the bank loan out at 7%
Added by Maria P.
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Then, the remaining amount (20,000 - x) is loaned out at a different rate. Since the total interest received in one year is 2,000, we can set up the following equation: 0.07x + interest from the remaining amount = 2,000 We don't know the interest rate for the Show more…
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