Solve the Problem. -A Bank Loaned Out $54,000, Part of It at the It

question 402

Multiple Choice

Solve the problem.
-A bank loaned out $54,000, part of it at the rate of 2.75% per year and the rest at a rate of 3.25% per year. If the interest received was $1595.00, how much was loaned at 2.75%?

• A) $22,000
• B) $32,000
• C) $33,000
• D) $21,000

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Definitions:

Egocentrism

A cognitive bias where an individual is unable to differentiate between their own perspective and that of others, often seen in early childhood development.

Anxious Attachment

A form of insecure attachment characterized by a constant need for reassurance and fear of abandonment.

Avoidant Attachment

A type of attachment style where individuals maintain their distance from others and avoid close emotional bonds.

Infantile Amnesia

The inability of adults to recall memories from early childhood, typically before the age of 3-4 years.