A small business takes out loans from three dforent banks to buy some new equipment. The total amount of the three loans is $21,000 The frst bank offered an interest rate of 16% The second bank offered a rate of 18% and the amount borrowed from this bank was $5000 less than twice as much as the amount borrowed from the first bank The third bank offered a rate of 15% The total annual interest was $3,490 How much did they borrow from each bank? OA frst bank $6,600, second bank $8,200, third bank $6,200 OB. frst bank $7.000, second bank $9,000, third bank $5.000 C. frst bank $8,000, second bank $11,000, third bank $2,000 OD. first bank $7,500, second bank $10,000, third bank $3.500

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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A small business takes out loans from three dfferent banks to buy some new equipment. The total amount of the three loans is $21,000. The frst bank offered an
interest rate of 16% The second bank offered a rate of 18% and the amount borrowed from this bank was $5000 less than twice as much as the amount borrowed from
the first bank The third bank offered a rate of 15% The total annual interest was $3,490 How much did they borrow from each bank?
OA. first bank S6,600, second bank $8,200, third bank $6.200
B. frst bank $7.000, second bank $9.000, third bank $5.000
OC. first bank $8,000, second bank $11,000, third bank $2,000
OD. first bank $7,500, second bank $10,000, third bank $3.500
Transcribed Image Text:A small business takes out loans from three dfferent banks to buy some new equipment. The total amount of the three loans is $21,000. The frst bank offered an interest rate of 16% The second bank offered a rate of 18% and the amount borrowed from this bank was $5000 less than twice as much as the amount borrowed from the first bank The third bank offered a rate of 15% The total annual interest was $3,490 How much did they borrow from each bank? OA. first bank S6,600, second bank $8,200, third bank $6.200 B. frst bank $7.000, second bank $9.000, third bank $5.000 OC. first bank $8,000, second bank $11,000, third bank $2,000 OD. first bank $7,500, second bank $10,000, third bank $3.500
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