Word Problem: loan of $15,000, part at 8% interest, part at 16%; total interest...

[Halfmooze]

A bank loaned out $15,000, 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 out at 8%.

How much of the $15,000 did the bank loan out at 8%

 

[stapel]

A bank loaned out $15,000, 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 out at 8%.

How much of the $15,000 did the bank loan out at 8%

To learn how to set up and solve this sort of exercise, please try here. Once you have learned the basic terms and techniques, please attempt the exercise. If you get stuck, please reply with a clear listing of your thoughts and efforts so far, starting with the variable you picked for the part that was invested at 8%. Thank you!