To get the necessary funds for a planned expansion, a small company took out three loans totaling $20,000. Company owner

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To Get The Necessary Funds For A Planned Expansion A Small Company Took Out Three Loans Totaling 20 000 Company Owner 1 (11.59 KiB) Viewed 32 times

2) please answer part B only

To Get The Necessary Funds For A Planned Expansion A Small Company Took Out Three Loans Totaling 20 000 Company Owner 2 (21.38 KiB) Viewed 32 times

To get the necessary funds for a planned expansion, a small company took out three loans totaling $20,000. Company owners were able to get interest rates of 5%, 6%, and 7%. They borrowed $1000 more at 6% than they borrowed at 7%. The total annual interest on the loans was $1130. Answer parts (a) through (d). (a) How much did they borrow at each rate? The company borrowed at 5%, $at 6%, and s $7%

Ana invests $39,000 received from her grandmother in three ways. With one part, she buys savings bonds at an interest rate of 1.5% per year. She uses the second part, which amounts to 6 times the first, to buy mutual funds that offer a return of 7% per year. She puts the rest of the money into a money market account paying 4.5% annual interest. The first year, her investments bring a return of $2115, How much did she invest each way? (Hint: For 1.5% interest, the amount of interest paid on x dollars is 0.015x.) Write a linear system of equations. Let x be the first investment, y be the second investment, and z be the third investment. Choose the correct answer below. A. x+y+z-39,000 8. x+y+z=39,000 0.015x+0.07y+0.045z=2115 6x=y Oc x+y+z=6y 0.015x+0.07y+0.045z=2115 6x=39,000 Ana invested Sat 1.5%, $at 7%, and Sat 4.5% 0.015x+0.07y+0.0452-2115 6y=x ⒸD. x+y+z=2115 0.015x+0.07y+0.045z=39,000 0.08x=0.00y