A bank loaned out $11,500, part of it at the rate of 14% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $1,260.00. How much was loaned at each rate? was loaned at 14% and was loaned at 4%.

A bank loaned out $11,500, part of it at the rate of 14% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $1,260.00. How much was loaned at each rate? was loaned at 14% and was loaned at 4%