A residential building contractor borrowed $29,000 to complete a new home. Some of the money was borrowed at 4%, some at 6%, and some at 7%. How much was borrowed at each rate if the annual interest owed was $1,580 and the amount borrowed at 6% is two times more than the amount borrowed at 7%?

A. $11,000 at 4%; $12,000 at 6%; $6,000 at 7%
B. $9,000 at 4%; $14,000 at 6%; $6,000 at 7%
C. $9,000 at 4%; $13,000 at 6%; $7,000 at 7%
D. $10,000 at 4%; $10,000 at 6%; $8,000 at 7%
E. $10,000 at 4%; $14,000 at 6%; $7,000 at 7%


Answer: A

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