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A bank loaned out $28,500, part of it at the rate of 5% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $1,315.00. How much was loaned at each rate?
$ was loaned at 5% and
$ was loaned at 4%.
$ was loaned at 5% and
$ was loaned at 4%.
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17500
11000