A bank loaned out $31,000, part of it at the rate of 9%

Last updated: 7/13/2022

A bank loaned out $31,000, part of it at the rate of 9% annual interest, and the rest at 8% annual interest. The total interest earned for both loans was $2,620.00. How much was loaned at each rate? was loaned at 9% and was loaned at 8%. Question Help: Video Submit Question >