15 Select the correct answer. 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...



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15<br>Select the correct answer.<br>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<br>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<br>he borrowed from his mom exceeded the amount he borrowed from his friend by $200. What amount did Edgar borrow from the bank?<br>O A.<br>$2,400<br>Ов.<br>$3,600<br>Oc.<br>$5,000<br>OD.<br>$5.400<br>

Extracted text: 15 Select the correct answer. 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? O A. $2,400 Ов. $3,600 Oc. $5,000 OD. $5.400

Jun 04, 2022
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