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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