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A bank loaned out $26,000 part of it at the rate of 10% annual interest, and the rest at 2% annual interest. The total interest
A bank loaned out $26,000 part of it at the rate of 10% annual interest, and the rest at 2% annual interest. The total interest earned for both loans was $1,200.00.
How much was loaned at each rate?
a. how much was loaned at 10% and
b. how much was loaned at 2%.
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