Borrowing A small corporation borrowed $1,000,000 to
Chapter 7, Problem 7.3.96(choose chapter or problem)
Borrowing A small corporation borrowed $1,000,000 to expand its line of toys. Some of the money was borrowed at 8%, some at 10%, and some at 12%. How much was borrowed at each rate if the annual interest was $97,200 and the amount borrowed at 8% was two times the amount borrowed at 10%?
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