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