SOLUTION: A corporation borrowed $760,000 to expand its line of clothing. Some of the money was borrowed at 11%, some at 12%, and the remainder at 15%. The annual payment to the lenders was
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Question 977605: A corporation borrowed $760,000 to expand its line of clothing. Some of the money was borrowed at 11%, some at 12%, and the remainder at 15%. The annual payment to the lenders was $91,200. The amount borrowed at 11% was 3 times the amount borrowed at 15%. How much was borrowed at the 15% rate? Answer by richwmiller(17219) (Show Source):
