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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 12% interest? (round your answer to the nearest cent) $407,407.40 $261,111.11 $244,444.44 $81,481.48

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 12% interest? (round your answer to the nearest cent) $407,407.40 $261,111.11 $244,444.44 $81,481.48

Calculus: Early Transcendentals
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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90°F Windy 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 12% interest? (round your answer to the nearest cent) O $407,407.40 $261,111.11 O $244,444.44 Q O $81,481.48 2 W S 3 E D C $ R F H % 5 T G Search 6 B Y H FB & 7 U N F9 ★ 8 J 1 F10 M ( 9 K O ) O < L 3. 1- P Prt Sc { + [ 4) D 3:40 F 6/15/20 7
Transcribed Image Text:90°F Windy 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 12% interest? (round your answer to the nearest cent) O $407,407.40 $261,111.11 O $244,444.44 Q O $81,481.48 2 W S 3 E D C $ R F H % 5 T G Search 6 B Y H FB & 7 U N F9 ★ 8 J 1 F10 M ( 9 K O ) O < L 3. 1- P Prt Sc { + [ 4) D 3:40 F 6/15/20 7
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