A bank loaned out $21,500, part of it at the rate of 12% annual interest, and the rest at 10% annual interest. The total interest earned for both loans was $2,350.00. How much was loaned at each rate?
$was loaned at 12%
$was loaned at 10%.

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Step-by-step explanation:

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step-by-step explanation:

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

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