Solve the problem.
-A bank loaned out $57,000, part of it at the rate of 11% per year and the rest at a rate of 7% per year. If the interest received was $4990, how much was loaned at 11%?
A) $26,000
B) $31,000
C) $32,000
D) $25,000

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-A bank loaned out $57,000, part of it at the rate of 11% per year and the rest at a rate of 7% per year. If the interest received was $4990, how much was loaned at 11%?
A) $26,000
B) $31,000
C) $32,000
D) $25,000

Solve the Problem. -A Bank Loaned Out $57,000, Part of It at the It