My stupid fucking Kenyan profesor assigns 70 math problems after every class (4 days a week) and its always shit we haven't learned yet... for homework he makes us read a new chapter, then do 70 problems related to the new chapter we just read and self taught ourselves about. /rant
I don't care how shitty you think I am at math, but I can't figuire this out.
"A bank has loaned out $500,000, part of it at 6% annum and the rest of it at 11% annum. If the bank receives $43,750 in interest each year, how much was loaned at 6%?"
Please show all work.