Gonzalez Manufacturing borrowed $39000. Part of the money was borrowed at 8%, part at 10%, and part at 12%. The annual interest was $3960, and the total amount borrowed at 8% and 10% was twice the amount borrowed at 12%. What was the amount borrowed at each rate?
Gonzalez Manufacturing borrowed $39000. Part of the money was borrowed at 8%, part at 10%, and part at 12%. The annual interest was $3960, and the total amount borrowed at 8% and 10% was twice the amount borrowed at 12%. What was the amount borrowed at each rate?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Gonzalez Manufacturing borrowed $39000. Part of the money was borrowed at 8%, part at 10%, and part at 12%. The annual interest was $3960, and the total amount borrowed at 8% and 10% was twice the amount borrowed at 12%. What was the amount borrowed at each rate?
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