A bank loaned out $20,000, part of it at the rate of 9% per year and the rest at 17% per year. If the interest received in one year totaled $3000, how much was loaned at 9%?
How much of the $20,000 did the bank loan out at 9%?

The bank loan out at $5000 at 9%

Step-by-step explanation:

A bank loaned out $20,000

Let x be the amount loaned at at the rate of 9% per year

So, 20000-x amount loaned at at the rate of 17% per year

Formula :

Amount at 9% interest in 1 year

A=1.09x

Interest = Amount - Principal = 1.09x-x=0.09x

Amount at 17% interest in 1 year

A=1.17(20000-x)

Interest = Amount - Principal = 1.17(20000-x)-(20000-x)

We are given that the interest received in one year totaled $3000

So,1.17(20000-x)-(20000-x)+0.09x=3000

x=5000

So, the bank loan out at $5000 at 9%

the system of inequalities is

step-by-step explanation:

step 1

find the equation of the dashed line

we have the points

(0,0) and (3,1)

the line passes through the origin, so, is a direct variation

find the slope

the equation of the dashed line is

the solution of the inequality a s the shaded area above the dashed line

therefore

the equation of the inequality a is

step 2

find the equation of the solid line

we have the points

(4,0) and (0,4)

find the slope

the equation of the solid line is

the solution of the inequality b s the shaded area below the solid line

therefore

the equation of the inequality b is

step 3

the system of inequalities is