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Mathematics, 25.06.2021 03:00 wardlawshaliyah

Chelsea took out three loans for a total of ​$74,000 to start an organic orchard. Her​ business equipment loan was at an interest rate of​ 11%, the​ small-business loan was at an interest rate of 4​%, and her​ home-equity loan was at an interest rate of 5.5​%. The total simple interest due on the loans in one year was ​$4400. The annual simple interest on the​ home-equity loan was ​$880 more than the interest on the​ business equipment loan. How much did she borrow from each​ source? Chelsea borrowed ​$___ from the​ business equipment loan, ​$___ from the​ small-business loan, and ​$___ from the​ home-equity loan.

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Chelsea took out three loans for a total of ​$74,000 to start an organic orchard. Her​ business equi...

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