Corporatioh Borrowed $115,000 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 $5,300 and the amount borrowed at 4% was 2- times the amount borrowed at 3%. Sa the system using matrices. amount borrowed at 3% amount borrowed at 4% amount borrowed at 5% 24 Need Help? Read It Master It

Corporatioh Borrowed $115,000 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 $5,300 and the amount borrowed at 4% was 2- times the amount borrowed at 3%. Sa the system using matrices. amount borrowed at 3% amount borrowed at 4% amount borrowed at 5% 24 Need Help? Read It Master It

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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Question

A Sillall software corporation borrowed $115,000 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 $5,300 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%
Need Help?
Master It
Read It
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