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A bank loaned out $26,500, part of it at the rate of 4% annualinterest, and the rest at 5% annual interest. The total interestearned for

A bank loaned out $26,500, part of it at the rate of 4% annualinterest, and the rest at 5% annual interest. The total interestearned for both loans was $1,130.00. How much was loaned at eachrate? 2 answers

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