Business, 16.03.2020 20:23 esta54

Chelsea took out three loans for a total of $ 76 comma 000 76,000 to start an organic orchard. Her business-equipment loan was at an interest rate of 11%, the small-business loan was at an interest rate of 4 4%, and her home-equity loan was at an interest rate of 5.5 5.5%. The total simple interest due on the loans in one year was $ 4465 4465. The annual simple interest on the home-equity loan was $ 825 825 more than the interest on the business-equipment loan. How much did she borrow from each source? Chelsea borrowed $ nothing from the business-equipment loan, $ nothing from the small-business loan, and $ nothing from the home-equity loan. (Simplify your answers.)

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Chelsea took out three loans for a total of $ 76 comma 000 76,000 to start an organic orchard. Her b...

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