document.write( "Question 902422: Chelsea took out three loans for a total of $79,000 to start an organic orchard. Her business equipment loan was at an interest rate of 11%, the small business loan was at an interest rate of 5%, and her home equity loan was at an interest rate of 4.5%. The total simple interest due on the loans in one year was $4590. The annual simple interest on the home equity loan was $260 more than the interest on the business equipment loan. How much did she borrow from each source? \n" ); document.write( "
Algebra.Com's Answer #548112 by richwmiller(17219)![]() ![]() You can put this solution on YOUR website! b+s+h=79000, \n" ); document.write( "0.11*b+0.045*s+0.05*h=4590, \n" ); document.write( "0.05*h-0.11*b=260 \n" ); document.write( "b = 13276.30, s = 31315.80,h = 34407.90\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |