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  3. chelsea took out three loans for a total of ?$7800

Chelsea took out three loans for a total of ?$78000 to start an organic orchard. Her?...

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Basic Math

Chelsea took out three loans for a total of ?$78000 to start anorganic orchard. Her? business-equipment loan was at an interestrate of? 11%, the? small-business loan was at an interest rate of5?%, and her? home-equity loan was at an interest rate of 4.5?%.The total simple interest due on the loans in one year was ?$4605.The annual simple interest on the? home-equity loan was ?$105 morethan the interest on the? business-equipment loan. How much did sheborrow from each? source?

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Let the amounts borrowed by Chelsea as the businessequipment loan the smallbusiness loan and the homeequity loan be x y and z respectively Since the total amount of loans is    See Answer
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