The total interest earned for both loans was 39500 how much
A bank loaned out $6,500, part of it at the rate of 3% annual interest, and the rest at 8% annual interest. The total interest earned for both loans was $395.00. How much was loaned at each rate?
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a bank loaned out 6500 part of it at the rate of 3 annual interest and the rest at 8 annual interest the total interest
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