document.write( "Question 446037: A small corporation borrowed $900,000 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 $77,400 and the amount borrowed at 8% was four times the amount borrowed at 10%? \n" ); document.write( "
Algebra.Com's Answer #307154 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A small corporation borrowed $900,000 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 $77,400 and the amount borrowed at 8% was four times the amount borrowed at 10%? \n" ); document.write( "---- \n" ); document.write( "Quantity Eq:::: e + n + t = 900,000 \n" ); document.write( "Interest Eq:::0.08e+0.09n+0.10t = 77,400 \n" ); document.write( "Quantity Eq::: e +0 -4t = 0 \n" ); document.write( "---------------------------------------------- \n" ); document.write( "I used a matrix method on a TI-84 to solve \n" ); document.write( "this system of 3 equations: \n" ); document.write( "I got: \n" ); document.write( "amt invested at 8%: e = $480,000 \n" ); document.write( "amt invested at 9%: n = $300,000 \n" ); document.write( "ant invested at 10% t = $120,000 \n" ); document.write( "====================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "====================== \n" ); document.write( " |