A small corporation borrowed $800,000 to expand its line of toys. Some of the money was borrowed at 8%, some at 9%, and some at 10%. How much was borrowed at each rate if the annual interest owed was $67,400 and the amount borrowed at 8% was five times the amount borrowed at 10%?
?
A. $575,000 at 8%$110,000 at 9%$115,000 at 10%
B. $575,000 at 8%$115,000 at 9%$115,000 at 9%
C. $575,000 at 9%$110,000 at 8%$115,000 at 10%
D. $575,000 at 8%$115,000 at 9%$110,000 at 10%
E. $575,000 at 8%$115,000 at 9%$115,000 at 10%
Answer: A
Mathematics
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