Math Problem Statement

A bank loaned out ​$14,000​, part of it at the rate of 9 % per year and the rest at 17 % per year. If the interest received in one year totaled ​$2000​, how much was loaned at 9 % question mark How much of the ​$14,000 did the bank loan out at 9 % question mark

Solution

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Math Problem Analysis

Mathematical Concepts

Systems of Linear Equations
Interest Calculation

Formulas

Linear equations
Simple interest formula

Theorems

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Suitable Grade Level

Grades 9-12