Saturday
November 22, 2014

Homework Help: Algebra II math high school

Posted by Gina on Thursday, December 13, 2012 at 10:18pm.

To get the necessary funds for a planned expansion, a small company took out three loans totaling $25,000. The company was able to borrow some money at 8%. It borrowed $2000 more than half the amount of the 8% loan at 10% and the rest at 9%. The total annual interest was $2200. How much did the company borrow at each rate?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra - In the promotional park your company has budgeted $40,000 for some ...
High School Math - I'm helping my little sister in her math homework. I just got...
college algebra - You apply for a job selling diet marshmallows because an ad ...
finance - One yaer fom now, how much value creation is expected from the ...
accounting - A company was recently formed with $ 50,000 cash contributed to the...
Finance - If a company gets a cash discount should they borrow the funds to take...
Math - The Pack-U-Up Moving Company uses several different size boxes,but the ...
math 6 grade - The Pack-U-Up Moving Company uses several different size boxes,...
Finance, Economics - A small vessel (this means 10 year life) was purchased by a...
microeconomics - Suppose that in 2008, you became president of a small nonprofit...

Search
Members