A small software corporation borrowed $380,000 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 $14,500 and the amount borrowed at 4% was 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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A small software corporation borrowed $380,000 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 $14,500 and the amount borrowed at 4% was
times the amount borrowed
at 3%. Solve the system using matrices.
amount borrowed at 3%
$
amount borrowed at 4%
$
amount borrowed at 5%
Transcribed Image Text:A small software corporation borrowed $380,000 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 $14,500 and the amount borrowed at 4% was 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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