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April 23, 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?

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