Solve the Problem. -A Bank Loaned Out $69,000, Part of It at the It

question 276

Multiple Choice

Solve the problem.
-A bank loaned out $69,000, part of it at the rate of 2.25% per year and the rest at a rate of 3.5% per year. If the interest received was $2065.00, how much was loaned at 2.25%?

• A) $41,000
• B) $28,000
• C) $29,000
• D) $40,000

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Definitions:

Long-linked Technology

A production process characterized by linear and sequential operations, often found in manufacturing contexts.

Automobile Industry

A global sector that involves the manufacturing, design, marketing, and selling of motor vehicles.

Mediating Technology

Technologies or systems that facilitate the interaction between different parties or components within a process or system.

Beneficial Exchange

A transaction or interaction that results in positive outcomes for the involved parties, often seen in negotiations or trade.