Question: A bank loaned out $31,500, part of it at the rate of 15% annual interest, and the rest at 3% annual interest. The total

A bank loaned out $31,500, part of it at the rate of

A bank loaned out $31,500, part of it at the rate of 15% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $2,985.00. How much was loaned at each rate? 2$ was loaned at 15% and was loaned at 3%. %24

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