Question

A bank loaned out $17,000 part of it at a rate of 6%per year and the rest at 14%per year. If the interest received in one year totaled $1500 how much was loaned at 6%.

Answer 1

amount at 6% === x
amount at 14% ---- 17000-x

solve for x

.06x + .14(17000-x) = 1500
I would multiply each of the 3 terms by 100 to get rid of the decimals
6x + 14(17000-x) = 150000
etc