A small corporation borrowed $1,000,000 to expand its line of toys. Some of the money was borrowed at 7%, some at 8%, and some at 9%. How much was borrowed at each rate if the annual interest owed was $74,000 and the amount borrowed at 7% was five times the amount borrowed at 9%

$750,000 at 7%

$150,000 at 9%

$100,000 at 8%

Explanation:

Let 'S' be the amount borrowed at 7%, 'E' be the amount at 8% and 'N' be the amount borrowed at 9%. The following system of equations can be modeled with the given data.

Solving the system:

Therefore, the corporation borrowed $750,000 at 7%, $150,000 at 9% and $100,000 at 8%.

answer target market;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.