Ask Question
26 June, 08:31

Mary borrowed $21,500 to buy a truck for her business. She borrowed from her parents who charge her 3% simple interest. She borrowed from a credit union that charges 5% simple interest, and she borrowed from a bank that charges 6% simple interest. She borrowed four times as much from her parents as from the bank, and the amount of interest she paid at the end of 1 yr was $865. How much did she borrow from each source?

+1
Answers (1)
  1. 26 June, 08:50
    0
    8,649 dollars to be exact
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mary borrowed $21,500 to buy a truck for her business. She borrowed from her parents who charge her 3% simple interest. She borrowed from a ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers