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miv72 [106K]
2 years ago
6

Lashonda borrowed $19,000 to buy a truck for her business. She borrowed from her parents who charge her 4% simple interest. She

borrowed from a credit union that charges 6% simple interest, and she borrowed from a bank that charges 3% simple interest. She borrowed four times as much from her parents as from the bank, and the amount of interest she paid at the end of 1 yr was $920. How much did she borrow from each source
Business
1 answer:
Luden [163]2 years ago
8 0

$50000 borrowed from each source

<h3>What is  borrow ?</h3>

to borrow (something, such as money) with the intention of returning it, or something equivalent or identical, to the lender to borrow (ideas, words, etc.) from another source; suitable

Borrow is a regular verb that means 'to borrow something from someone with the intention of returning it after a short period of time': Could I borrow your pen for a minute, please? Laura used to constantly borrow money from me.

'Lend' means to give something to someone for a limited time and then return it. Borrowing means taking and using something that belongs to someone else for a short period of time before returning it. The person lending something owns it and is lending it to someone else.

To know more about  borrow  follow the link:

brainly.com/question/24892913

#SPJ4

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See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased add
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Answer:

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Answer and Explanation:

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