Abank loaned out $14 comma 000, part of it at the rate of 8 % per year and the rest at 16 % per year. if the interest received in one year totaled $1500, how much was loaned at 8 % question mark

$9250 was loaned at the rate of 8% per year.

Explanation

Suppose, the amount of loan at 8% was   dollar.

As the total amount of loan was $14000 , so the amount of loan at 16% will be:

Given that, the total the interest received in one year was $1500. So, the equation will be....

So, the amount of loan at 8% was $9250

12*c

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