A bank loaned out $14,000, 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 $2000, how much was loaned at 7%? How much of the $14,000 did the bank loan out at 7%? $ D

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A bank loaned out $14,000, 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 $2000, how much was loaned at 7%?
How much of the $14,000 did the bank loan out at 7%?
$
D
Transcribed Image Text:A bank loaned out $14,000, 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 $2000, how much was loaned at 7%? How much of the $14,000 did the bank loan out at 7%? $ D
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