Multiple Choice
Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-A bank loaned out $63,000, part of it at the rate of 11% per year and the rest at a rate of 4% per year. If the interest received was $4830, how much was loaned at 11%?
A) $33,000
B) $29,000
C) $30,000
D) $34,000
Correct Answer:
Verified
Correct Answer:
Verified
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