A college student borrowed $68,000 to pay for tuition, room, and board. Some of the money was borrowed at 4%, some at 6%, and some at 8%. How much (in dollars) was borrowed at each simple interest...


A college student borrowed $68,000 to pay for tuition, room, and board. Some of the money was borrowed at 4%, some at 6%,<br>and some at 8%. How much (in dollars) was borrowed at each simple interest rate, given that the annual interest was $4,050 and<br>the amount borrowed at 8% was three times the amount borrowed at 6%?<br>4%<br>%24<br>6%<br>8%<br>%24<br>

Extracted text: A college student borrowed $68,000 to pay for tuition, room, and board. Some of the money was borrowed at 4%, some at 6%, and some at 8%. How much (in dollars) was borrowed at each simple interest rate, given that the annual interest was $4,050 and the amount borrowed at 8% was three times the amount borrowed at 6%? 4% %24 6% 8% %24

Jun 03, 2022
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