Business, 08.11.2019 03:31 anuel504

Chelsea took out three loans for a total of $76 comma 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 5%, and her home-equity loan was at an interest rate of 4.5%. the total simple interest due on the loans in one year was $4380. the annual simple interest on the home-equity loan was $370 more than the interest on the business-equipment loan. how much did she borrow from each source?

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Chelsea took out three loans for a total of $76 comma 000 to start an organic orchard. her business-...

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