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Solve the Problem. -A Bank Loaned Out $69,000, Part of It at the It

Question 44

Multiple Choice

Solve the problem.
-A bank loaned out $69,000, part of it at the rate of 15% per year and the rest at a rate of 8% per year. If the interest received was $7480, how much was loaned at 15%?


A) $40,000
B) $28,000
C) $29,000
D) $41,000

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