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A Small Corporation Borrowed $800,000 to Expand Its Line of Toys.Some

Question 46

Multiple Choice

A small corporation borrowed $800,000 to expand its line of toys.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 $67,400 and the amount borrowed at 8% was five times the amount borrowed at 10%? ​


A) $575,000 at 8%
$110,000 at 9%
$115,000 at 10%
B) $575,000 at 8%
$115,000 at 9%
$115,000 at 9%
C) $575,000 at 9%
$110,000 at 8%
$115,000 at 10%
D) $575,000 at 8%
$115,000 at 9%
$110,000 at 10%
E) $575,000 at 8%
$115,000 at 9%
$115,000 at 10%

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