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A Small Corporation Borrowed $771,000 to Expand Its Clothing Line

Question 24

Multiple Choice

A small corporation borrowed $771,000 to expand its clothing line.Some of the money was borrowed at 8%,some at 9%,and some at 10%.How much was borrowed at each rate if the annual interest owed was $67,500 and the amount borrowed at 8% was four times the amount borrowed at 10%? ​


A) $252,000 at 8% $456,000 at 9%
$63,000 at 10%
B) $252,000 at 9% $456,000 at 8%
$63,000 at 10%
C) $252,000 at 8% $63,000 at 9%
$63,000 at 9%
D) $252,000 at 8% $63,000 at 9%
$63,000 at 10%
E) $252,000 at 8% $63,000 at 9%
$456,000 at 10%

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