A large corporation borrows $750,000 to expand its product line. Some of the money was borrowed at 5% interest, some at 8%, and some at 12% interest. The amount borrowed at 8% was five times the amount borrowed at 5%. The interest owed at the end of the year on this money was $68,000. How much money did the corporation borrow at 8% interest? (round your answer to the nearest cent) $244,444.44 $261,111.11 $407,407,40
A large corporation borrows $750,000 to expand its product line. Some of the money was borrowed at 5% interest, some at 8%, and some at 12% interest. The amount borrowed at 8% was five times the amount borrowed at 5%. The interest owed at the end of the year on this money was $68,000. How much money did the corporation borrow at 8% interest? (round your answer to the nearest cent) $244,444.44 $261,111.11 $407,407,40
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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![udy
F2
2
A large corporation borrows $750,000 to expand its product line. Some of the money was borrowed at 5% interest, some at 8%, and some at 12%
interest. The amount borrowed at 8% was five times the amount borrowed at 5%. The interest owed at the end of the year on this money was
$68,000. How much money did the corporation borrow at 8% interest? (round your answer to the nearest cent)
$244,444.44
$261,111.11
$407,407.40
$81,481.48
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Transcribed Image Text:udy
F2
2
A large corporation borrows $750,000 to expand its product line. Some of the money was borrowed at 5% interest, some at 8%, and some at 12%
interest. The amount borrowed at 8% was five times the amount borrowed at 5%. The interest owed at the end of the year on this money was
$68,000. How much money did the corporation borrow at 8% interest? (round your answer to the nearest cent)
$244,444.44
$261,111.11
$407,407.40
$81,481.48
F3
3
E
F4
4
LA
R
F5
%
5
Q Search
F6
T
☆
6
F7
Y
F8
&
7
4+
U
14
F9
★
* 00
8
€]
F10
9
F11
O
O
F12
P
Prt Sc
{
+ 11
[
Insert
=
Del
Backspace
]
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