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31-10-2022
Mathematics

Answered

A bank loaned out $6500, part of it at a rate of 8.8% per year and the rest of it at a rate of 6.5% per year.
The total amount of interest owed to the bank at the end of one year was $507.42.
Find the amount of money that the bank loaned out at 8.8%.
Round your answer to the nearest cent (2 places after the decimal point), and do NOT type a dollar
sign in the answer box.
Amount of money loaned at 8.8%: $

Answer :

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