Question:

A bank loaned out $19,000, part of it at the rate of 9% per

Last updated: 8/13/2022

A bank loaned out $19,000, part of it at the rate of 9% per

A bank loaned out $19,000, part of it at the rate of 9% per year and the rest at 19% per year. If the interest received in one year totaled $3000, how much was loaned at 9%? How much of the $19,000 did the bank loan out at 9% ?