To expand its clothing line, a small corporation borrowed $775,000 from three different lenders. The money was

Question:

To expand its clothing line, a small borrowed $775,000 from three different lenders. The money was borrowed at 8%, 9%, and 10% simple interest. How much was borrowed at each rate when the annual interest owed was $67,500 and the amount borrowed at 8% was four times the amount borrowed at 10%?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...