FINANCE A small corporation borrowed $775,000 toexpand its clothing line. Some of the

Chapter 6, Problem 61

(choose chapter or problem)

FINANCE A small corporation borrowed $775,000 toexpand its clothing line. Some of the money wasborrowed at 8%, some at 9%, and some at 10%. Howmuch was borrowed at each rate if the annual interestowed was $67,500 and the amount borrowed at 8% wasfour times the amount borrowed at 10%?

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