Question

a bank loaned out $250,000, part of it at the rate of 8% and the rest at the rate of 18% annual interest. The rate received from both loans totaled $23,000. How much did the bank loan at each rate

Answer 1

a bank loaned out $250,000, part of it at the rate of 8% and the rest at the rate of 18% annual interest. The interest received from both loans totaled $23,000. How much did the bank loan at each rate