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A bank loaned out $20,000, part of it at the rate of 12% annual interest, and the rest at 11% annual interest. The total interest
A bank loaned out $20,000, part of it at the rate of 12% annual interest, and the rest at 11% annual interest. The total interest earned for both loans was $2,255.00. How much was loaned at each rate?
$ was loaned at 12% and
$. was loaned at 11%
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