Posted by **SARAH** on Sunday, June 12, 2011 at 5:40pm.

A bank loaned out $120,000, part of it at a rate of 8% per year and the rest at the rate of 12% per year. if the interested received totaled $11,000, how much was loaned at each rate?

- COLLEGE ALGEBRA -
**Damon**, Sunday, June 12, 2011 at 5:42pm
I guess this means interest in one year.

.08(x) + .12(120,000-x) = 11,000

solve for x

- COLLEGE ALGEBRA -
**joe**, Wednesday, June 15, 2011 at 1:33pm
.7638

- COLLEGE ALGEBRA -
**ashlea **, Friday, September 19, 2014 at 11:00am
$85000 and $35000

- COLLEGE ALGEBRA -
**B**, Tuesday, September 27, 2016 at 5:05pm
A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per year. If the interest received totaled $1000, how much was loaned at 8%?

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