A small software corporation borrowed $315,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was $13,500 and the amount borrowed at 4% was 24 times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% amount borrowed at 4% $ amount borrowed at 5% $
A small software corporation borrowed $315,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was $13,500 and the amount borrowed at 4% was 24 times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% amount borrowed at 4% $ amount borrowed at 5% $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![A small software corporation borrowed $315,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was
$13,500 and the amount borrowed at 4% was
22/12/2012
times the amount borrowed at 3%. Solve the system using matrices.
amount borrowed at 3% $
amount borrowed at 4% $
amount borrowed at 5% $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9348d578-66ea-4064-b97e-301aeae52239%2Fe58179ce-25ae-4624-b72d-11b92aa8bb8a%2Fs2dy6rd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A small software corporation borrowed $315,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was
$13,500 and the amount borrowed at 4% was
22/12/2012
times the amount borrowed at 3%. Solve the system using matrices.
amount borrowed at 3% $
amount borrowed at 4% $
amount borrowed at 5% $
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