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April 20, 2014

Homework Help: math

Posted by Jasmine on Wednesday, March 12, 2008 at 6:46pm.

A bank has loaned out $750,000, part of it at 5% per annum and the rest of it at 8% per annum. If the bank receives $52,500 in interest each year, how much was loaned at 5%?

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