How much of the 20,000 did the bank loan out at 9 % ?

The bank loaned out **$13,000** of the $20,000 at a 9% interest rate.

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Here are 5 related questions to think about:
1. How would the interest change if the amount loaned at 9% increased?
2. What is the effect of loan duration on total interest earned?
3. How would a decrease in the interest rate from 9% to 8% impact the interest received?
4. If the total loan amount was $30,000 instead of $20,000, how would the amounts loaned at different interest rates be determined?
5. How does annual interest compare to monthly or daily interest for the same rates?

**Tip:** When solving systems of equations, always check the feasibility of your solution with the original conditions to ensure accuracy.

Discover how to calculate the amount loaned at 9% interest rate from a $20,000 loan. The bank loaned out $13,000 at 9% interest rate. Explore related questions on interest changes, loan duration effects, and more.

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