Mathematics, 04.02.2020 17:45 rk193140

Edgar borrowed a total of $10,000 from three sources: the bank, his mom, and a close friend. after one year, he paid a total of $624 in simple interest toward the three loans. the bank charged an interest rate of 7% per year, his mom charged 5%, and the friend charged 6%. the amount he borrowed from his mom exceeded the amount he borrowed from his friend by $200. what amount did edgar borrow from the bank?
a.
$2,400
b.
$3,600
c.
$5,000
d.
$5,400

Answers: 1

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