Question: A bank loaned out $ 1 3 , 0 0 0 , part of it at the rate of 8 % per year and the

A bank loaned out $13,000, part of it at the rate of 8% per year and the rest at 18% per year. If the interest received in one year totaled $1500, how much was loaned at 8%?
How much of the $13,000 did the bank loan out at 8%?
$
A bank loaned out $13,000, part of it at the rate

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

1. chemist needs to create a 45% HCl solution. (HCl is hydrochloric acid. A "45% HCl solution" contains 45% HCl and the other 55% is water.) How much of a 70% HCl solution must be mixed with 75 ml of...

Q:

Question 3 In 2019/20 Sasha earns a salary of 125,750 per annum and bank interest of 12,800 and dividends of 13,500. Sasha uses her own car to visit clients and during 2019/20 her business mileage...

Q:

Solve it quickly within 20 minutes. I will give two upvotes immediately. Please fast 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...

Q:

A bank loaned out $11,000, part of it at the rate of 7% per year and the rest at 17% per year. If the interest received in one year totaled $1500, how much was loaned at 7%? How much of the $11,000...

Q:

A bank loaned out $ 11,000 , part of it at the rate of 9 % per year and the rest at 19 % per year. If the interest received in one year totaled $ 1500 , how much was loaned at 9 % ? How much of the $...

Q:

A bank loaned out $18,000, part of it at the rate of 8% per year and the rest at 18% per year. If the interest received in one year totaled $2500, how much was loaned at 8%? K How much of the $18,000...

Q:

A bank loaned out $ 2 0 , 0 0 0 , part of it at the rate of 8 % per year and the rest at 1 6 % per year. If the interest received in one year totaled $ 2 0 0 0 , how much was loaned at 8 % ? How much...

Q:

A bank loaned out $13,000, part of it at the rate of 8% per year and the rest at 16% per year. If the interest received in one year totaled $1500, how much was loaned at 8%? How much of the $13,000...

Q:

vA bank loaned out $15,000 , part of it at the rate of 7% per year and the rest at 17% per year. If the interest received in one year totaled $1500 , how much was loaned at 7%? 1 answer

Q:

A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per year. If the interest received totaled $1000, how much was loaned at 8%?

Q:

Miroz Corporation?s comparative balance sheets are presented below. Additional information: 1. Net income was $17,700. Dividends declared and paid were $9,300. 2. Equipment which cost $11,000 and had...

Q:

The following is the Trial Balance of Maple Union Berhad at 31 December 2021. DR CR RM Machinery at cost Accumulated depreciation as of 1 January 2021-machinery Motor vehicles at cost Accumulated...

Q:

If a depositor puts money into the bank, the interest rate that the bank will pay the depositor

Q:

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...

Q:

=+4. What is the purpose of a sandbox on a wiki? [LO-3]

Q:

=+sensitive data files or webmasters forget to protect confidential webpages from search engine indexes. If you conducted an online search that turned

Q:

=+4. If you were writing a recommendation report for an audience that doesnt