Mathematics, 25.06.2021 03:00 wardlawshaliyah
Chelsea took out three loans for a total of $74,000 to start an organic orchard. Her business equipment loan was at an interest rate of 11%, the small-business loan was at an interest rate of 4%, and her home-equity loan was at an interest rate of 5.5%. The total simple interest due on the loans in one year was $4400. The annual simple interest on the home-equity loan was $880 more than the interest on the business equipment loan. How much did she borrow from each source? Chelsea borrowed $___ from the business equipment loan, $___ from the small-business loan, and $___ from the home-equity loan.
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Chelsea took out three loans for a total of $74,000 to start an organic orchard. Her business equi...
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