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OpenStudy (anonymous):
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
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OpenStudy (anonymous):
So you have two parts to the loan
OpenStudy (anonymous):
x+y=250,000 .18x+.08y=23,000
OpenStudy (anonymous):
Solve for x and y
OpenStudy (anonymous):
any question?
OpenStudy (radar):
Was waiting to see if you had any questions. Did you solve the problem?
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